On the daily, we can see a good resistance forming at 138.00, right on the bodies. We will be looking for shorts if we have some wicks thrown at that level followed by a strong bearish momentum. We could potentially sell to 135.00. 200 pip plus.
However, if there's a break above, depending on the momentum, the story will be different. we could then be looking for longs. but for this trade, Im shorts biased
However, if there's a break above, depending on the momentum, the story will be different. we could then be looking for longs. but for this trade, Im shorts biased
Comment:
let me know what you think