Looking for Snap Higher
There has been a solid move lower in recent sessions with this pair.
All the momentum has been to the downside with price action on the daily chart forming a series of lower highs.
Price has now broken lower and out of the recent support level. This level could be a solid level to start looking for short trades.
If price can rotate higher in the next few sessions we could watch for bearish price action triggers on the intraday charts.
Short trades would be with the recent momentum and at this key level.
All the momentum has been to the downside with price action on the daily chart forming a series of lower highs.
Price has now broken lower and out of the recent support level. This level could be a solid level to start looking for short trades.
If price can rotate higher in the next few sessions we could watch for bearish price action triggers on the intraday charts.
Short trades would be with the recent momentum and at this key level.
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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.
Related publications
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.