We are a little late to post this.
Price did not go up further and it was pushed back to 121 levels from 123.30. Candle pattern and RSI suggesting a reversal from overbought levels and the lower TF (4hr) confirms.
2 ways to trade - sell right away from the present level or take advantage of any pullback that might occur to sell this pair.
IF you are already short the pair hold on to your position.
A daily close above 122 level violates these ideas.
Price did not go up further and it was pushed back to 121 levels from 123.30. Candle pattern and RSI suggesting a reversal from overbought levels and the lower TF (4hr) confirms.
2 ways to trade - sell right away from the present level or take advantage of any pullback that might occur to sell this pair.
IF you are already short the pair hold on to your position.
A daily close above 122 level violates these ideas.
Trade active
Comment:
price made a nice pullback and short options are still available.