There is decreasing volatility in this pair and a triangle is forming.
The Daily/Weekly timeframes are trending downwards and so I am leaning towards a bearish position.
I expect an attempt to breach 107, at which point I will be watching closely for a low risk short.
Happy trading!
The Daily/Weekly timeframes are trending downwards and so I am leaning towards a bearish position.
I expect an attempt to breach 107, at which point I will be watching closely for a low risk short.
Happy trading!
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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.