The pair has turned bearish overall and it is forming Lower Highs and Lower Lows. We were able to enter a short position last Friday and capture a decent +100 pip bearish move. The price has formed a new Lower Low and it is on his way up to form a new Lower High. We are opening BUY positions here and aiming for the area identified on the chart. Once again, our overall bias is bearish. We will be looking for SELL positions after a new LH is formed.
Happy trading, family! Make sure to drop your thoughts and ideas in the comment section below!
Happy trading, family! Make sure to drop your thoughts and ideas in the comment section below!
