Here is a good opportunity to go both long and short on this pair.
If a bottom is formed at point C and finds support, this will line up perfectly with a 61.8 retracement at point D.
This will then form another opportunity to go short with the TP being at the 76.4 extension level.
I will only be entering these trades if there is confirmation from the candlesticks ad RSI.
Overall this pair is bearish.
If a bottom is formed at point C and finds support, this will line up perfectly with a 61.8 retracement at point D.
This will then form another opportunity to go short with the TP being at the 76.4 extension level.
I will only be entering these trades if there is confirmation from the candlesticks ad RSI.
Overall this pair is bearish.
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