After recent rally's above the 129.500 area the pair seems to be stalling at today's R1 daily pivot point/trend line.
The pair is overbought and a sell off is starting to emerge. Time to start selling? I sold the pair at 129.800.
The pair is overbought and a sell off is starting to emerge. Time to start selling? I sold the pair at 129.800.
Comment:
The pair is still stalling at R1 and at the trend line area, keep an eye for a strong sell off signal. Short still in vision. First take profit level at 129.300 second take profit level at 128.300 Trade safe!