Short position on this pair for a number of reasons.
1) Break of trendline and break of support line now turned resistance.
2) Cross over in EMA/MA.
3) Higher lows and highs have finished and counter trendline producing lower highs.
4) Price has broken trendline and pulled back to retest this area.
5) Bearish engulfing candle has taken out the last 8 hours of buying.
1) Break of trendline and break of support line now turned resistance.
2) Cross over in EMA/MA.
3) Higher lows and highs have finished and counter trendline producing lower highs.
4) Price has broken trendline and pulled back to retest this area.
5) Bearish engulfing candle has taken out the last 8 hours of buying.
