When I take a look at the standard bollinger bands on the daily and the weekly, I see that the pair is at the +2 stdev higher band...so a bit outstretched on high and higher time frame....
I think it's a good risk/reward ration for a short trade here....
I think it's a good risk/reward ration for a short trade here....
Comment:
if you draw a fibonnaci from the high - 1,3386 to the low 1,2782 this level wold be the 23,6% of the correction from the initial wave.