this is on of the pairs i'm going to be looking at over the next days. And the reason why is pretty simple to explain: if you go on the you'll see price is dancing around a very important level of structure (yellow box) and in doing so it has created a candle pointing downside (in overbought conditions). If we lower timeframe (1H) you'll see that the candle is in fact a with a break of structure to the downside, and that gives us a strong signal of selling pressure. So at the moment i'm waiting to see a retracement to the 618 level in order to trade it like a 2618 trade.
Stops and targets as shown.
If you have any idea/question, feel free to comment below.
Otherwise, see you in the next chart!
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM
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My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw