Price has tapped into a multi year resistance again. The euro had weaker numbers this week regarding GDP and employment, while Canadian news came in better than expected. Price being in this area with this information supports my short bias.
For now there is still an OB left unmitigated. Once price clears this, I will be looking for bearish confirmation on the 15m to take a short position and ride this down to 1,58300.
This set up is invalidated if price breaks above 1,61350.
For now there is still an OB left unmitigated. Once price clears this, I will be looking for bearish confirmation on the 15m to take a short position and ride this down to 1,58300.
This set up is invalidated if price breaks above 1,61350.
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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.