Traders,
Here's our analysis across different timeframes:
Daily Chart: Strong bearish sentiment prevails, supported by a bearish channel formation, signaling potential long-term bearish trajectory.
4-Hour Chart: Consider the high of last week as a prime level for short positions. However, be prepared to switch to a bullish outlook if this level is breached.
15-Minute Chart: Look to short the pair for intraday trading opportunities, with a clear entry point at the cluster of pivot points, a reversal point and previous week high.
Be caution and remain adaptable to changing market dynamics.
Best regards,
Here's our analysis across different timeframes:
Daily Chart: Strong bearish sentiment prevails, supported by a bearish channel formation, signaling potential long-term bearish trajectory.
4-Hour Chart: Consider the high of last week as a prime level for short positions. However, be prepared to switch to a bullish outlook if this level is breached.
15-Minute Chart: Look to short the pair for intraday trading opportunities, with a clear entry point at the cluster of pivot points, a reversal point and previous week high.
Be caution and remain adaptable to changing market dynamics.
Best regards,
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