Potential SHORT
Updated
Ive been watching this pair as a Bearish Divergence (Purple Arrows) has been forming from the beginning of this week on 4H. However as price is showing weakness (at time of writing) signalling that pressure from Bears is mounting, It would be premature to enter a Short trade at present. Am waiting for price to break below the 25 SMA (Yellow line) and retest this line before entering trade. So for now its a wait & see me . More update on this pair to follow.
Trade active
Entered trade at 1.3245 as price retested the 25 SMA as mentioned earlierTrade closed: target reached
reached 50pip set profit on 18/11/19 just after 22:00hrs
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.