There is decreasing volatility in this pair and a triangle is forming.
The Daily/Weekly timeframes are trending downwards and so I am leaning towards a bearish position.
I expect an attempt to breach 107, at which point I will be watching closely for a low risk short.
Happy trading!
The Daily/Weekly timeframes are trending downwards and so I am leaning towards a bearish position.
I expect an attempt to breach 107, at which point I will be watching closely for a low risk short.
Happy trading!