Short position on this pair.
-Price has been sold off on the weekly and daily time frames.
-Price action has pulled back to test previous support which now could potentially turn into resistance.
- Daily resistance lines up with 0.5 Fibonacci retracement.
- Downside target of 75.000 round number
- Will need to see some clear rejection of this area and before looking for short positions.
-Price has been sold off on the weekly and daily time frames.
-Price action has pulled back to test previous support which now could potentially turn into resistance.
- Daily resistance lines up with 0.5 Fibonacci retracement.
- Downside target of 75.000 round number
- Will need to see some clear rejection of this area and before looking for short positions.
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