The pair had an impulse break and currently is oversold,
a pullback around 32.8 or 50 fib is likely to occur which gives us the opportunity to enter the market and sell short.
If not, I wouldn't enter before a breather happens.
a pullback around 32.8 or 50 fib is likely to occur which gives us the opportunity to enter the market and sell short.
If not, I wouldn't enter before a breather happens.
Comment:
Be careful with this trade, on weekly time frame the price has more room to go UP yet.
