A few days ago, we unveiled the overall bias of this pair as BEARISH. The downward movement began already. Now what we do is wait, and allow price to give us an indication. A continuation to the downside may continue, or a reversal.
To open a short position on this pair at a fair value, we wait for a rally to the upside and study price action on the lower timeframe, then await confirmation.
To open a short position on this pair at a fair value, we wait for a rally to the upside and study price action on the lower timeframe, then await confirmation.