Hi everyone,
Forecasting a short position for this pair. As seen above, an ascending triangle formation, recently price has failed to break this key resistance level. I would expect to see price consolidating at this area before a bearish move to the downside. First profit target would be next support level shown. If structure forms this could also be an opportunity to scale in.
Hope this helps.
Thanks for reading Guys :)
Forecasting a short position for this pair. As seen above, an ascending triangle formation, recently price has failed to break this key resistance level. I would expect to see price consolidating at this area before a bearish move to the downside. First profit target would be next support level shown. If structure forms this could also be an opportunity to scale in.
Hope this helps.
Thanks for reading Guys :)