I am short on this pair. The interest rate news is coming out in 40 minutes. Honestly, I have not done any fundamental analysis on this one, and I can see massive signals of sell in this chart. I am publishing this chart to prove how useful technical analysis can be, that I have an edge even before the news are out, following the market sentiment.
There may be a spike up to 162 - 163 due to volatility, but the overall trend is downward. My other successful trades can be viewed in my profile, follow the related links below. Good luck.
Like&Follow if this helped you. Cheers
There may be a spike up to 162 - 163 due to volatility, but the overall trend is downward. My other successful trades can be viewed in my profile, follow the related links below. Good luck.
Like&Follow if this helped you. Cheers
Comment:
The market was not very volatile and it's moving along the upper TL. An opportunity to sell will rise when the lower TL is broken
Comment:
Market is currently at 158. Due to smaller timeframe chart, the chart hasn't covered the move. Thanks
