Price is in supply however momentum is still up, trend is up and the stops are rising below price. We are however at the point where price broke lower on the left of the chart, and we are playing a swing area which the swing high is expected to hold, short of this everything is against a short right now till we see resist start building above price.
Hi Kate, what’s your view on this pair given the current scenario. This pair has been widely speculated to go short. However, this appears to have gone against most analysis on the pair. Will you be shorting soon? If so, what entry point?
kate25
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@Ltd, Its a freight train going up - you need the swings to change to start moving down