I squeezed Index in my portfolio, One of indexes that are not mainly affected by political tensions because 90% of companies are under operations since the eased of lockdown regulations then Industrial companies, Energysectors, Financial sectors, Healthcare sectors and thoat Technology sector are in good operation only consumer products for retails can lag to...
This pair's explanation tantamount with NZDUSD, as you can see it has been rejected by DAILY RANGE RESISTANCE. Just look at 1hr and 4hr timeframes then good approach for entry you will get it there. RISK WISLEY!
The formation of inside bar has triggered on DAILY CHART then this gives us high probability of shorting these Pair mostly looking on 4hr and 1hr CHARTS which Friday close has been rejected by Fib @0.236 resistance area, Then I'm glad we will have tighter stop loses and good entries ahead good people. :)
I see major bearish engulf pattern on Weekly chart and this gives mark response on resistances on Fib resistances on daily chart that is why the price stumbles on a range. But I suggest entry below the break and patiently retest on Fib 0.5 for SHORTS entries.