Short on this pair???
In the larger timeframe, the price seems to be consolidating. Once we zoom into the daily, we can see the price has reached and retest and resistance at the Fib 0.5 level and is unable to break through it. I shall be placing a sell as i believe the price will enter a short term downtrend
Note
correction, i meant fib 0.618 level, not 0.5
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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.