Will Price Make Retracement Higher?
In a very similar fashion to the USDJPY, this pair at the end of last week also sold off heavily and made a decent move lower.
Just like the USDJPY did also, this pair broke through a recent strong daily chart support level.
If we can see price make a rotation back higher into a value area, then we could look to make short trades.
Short trades would be inline with the recent strong momentum lower and at a key price flip level on the daily chart.
Just like the USDJPY did also, this pair broke through a recent strong daily chart support level.
If we can see price make a rotation back higher into a value area, then we could look to make short trades.
Short trades would be inline with the recent strong momentum lower and at a key price flip level on the daily chart.
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.
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.