If we break this wedge on the 4h timeframe shorts will be triggered. This analysis is symbiotic with our higher timeframe outlook and may provide a longer term opportunity that will be conducive for several positions and thus a higher profitability trade.
Fundamentally this isn't the best pair to trade if equities continue to suffer but we'll listen to the market and adapt accordingly.
As always, wait for a break and close before entering.
Fundamentally this isn't the best pair to trade if equities continue to suffer but we'll listen to the market and adapt accordingly.
As always, wait for a break and close before entering.
Comment:
Approaching the trendline. MUST wait for a break and close before entering.
Order cancelled:
Order cancelled. Broke to the upside.