as we had observed a H&S pattern on this instrument (Linked) and Bearish Divergence with MACD (Linked) now we are at a critical point as market can move heavily to either of sides. we can take our positions as soon as we get a break trough and confirmation pull back on any sides.
we should have an eye on DXY as it has also showed some reaction on its current zone(linked)
we shall update this instrument as it gives us a better definition soon
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.