The chart indicates the pair moving inside a widening channel. By following the trend, we may enter into a short.
The channel however may be slightly overtraded and might open up to a new trend - thus it is important to wait for confirmation - i.e. Price action / daily close below daily resistance after test.
Lets see how this plays out.
The channel however may be slightly overtraded and might open up to a new trend - thus it is important to wait for confirmation - i.e. Price action / daily close below daily resistance after test.
Lets see how this plays out.