Short Continuation
Now that we have another retracement, we should be looking to short.
Higher time frames have lower highs since the 2.07 level, market has been bearish since that time.
Retracement had stop short of Pivot Point 1.9584, if prices had broken through I would had looked to a long position, but it didn't.
Stochastics in Over bought condition suggests that Short is high probability.
Bearish Divergence in stochastics on lower time frames giving warning of a turn of trend in the market, soon to go Bear.
Pivot @ 1.9584, because prices did not break price higher chance of short position at the moment.
TP1 1.9489
TP2 1.9430
TP3 1.9335
Happy Hunting.
Higher time frames have lower highs since the 2.07 level, market has been bearish since that time.
Retracement had stop short of Pivot Point 1.9584, if prices had broken through I would had looked to a long position, but it didn't.
Stochastics in Over bought condition suggests that Short is high probability.
Bearish Divergence in stochastics on lower time frames giving warning of a turn of trend in the market, soon to go Bear.
Pivot @ 1.9584, because prices did not break price higher chance of short position at the moment.
TP1 1.9489
TP2 1.9430
TP3 1.9335
Happy Hunting.
Disclaimer
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.