My overall Monthly bias is bullish on this pair, However i believe we will see a retracement back into the channel before a push higher.
A retracement back into the 38.2 is possible, but the TP in place will ensure a safer trade.
Reasons To Short:
- Double Top.
- Bearish Divergence on RSI.
- Bottom of the channel coincides with previous support.
- 2:1 Risk Reward
Good luck.
A retracement back into the 38.2 is possible, but the TP in place will ensure a safer trade.
Reasons To Short:
- Double Top.
- Bearish Divergence on RSI.
- Bottom of the channel coincides with previous support.
- 2:1 Risk Reward
Good luck.