This pair has decimated the shorts over the past few weeks. I see more upside and will not look to short until the 1.55 level. This area coincides with a cup and handle completion and a bat pattern completion. Two charts are expected to complete at or just before 1.55. We may see a pullback soon but any good pullback should be bought up as I don't feel this is going to be the true top. Be careful on this pair moving forward. It's obviously very volatile.
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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.