Hi there everyone,
Although it is top of a decending channel and a nice divergence has formed. It still havent broken any level and make it a tradable pair for myself. But if It brakes the channel it is like to give a good long trade setup or breaks below the rectangle is also have a good set up. Given the tested zones I am more biased with a short position but that again depends on how it will shape up. So I am following up closely. Happy trading to all..
Although it is top of a decending channel and a nice divergence has formed. It still havent broken any level and make it a tradable pair for myself. But if It brakes the channel it is like to give a good long trade setup or breaks below the rectangle is also have a good set up. Given the tested zones I am more biased with a short position but that again depends on how it will shape up. So I am following up closely. Happy trading to all..
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