This pair is in a weekly bearish flag which suggests a continuation to the downside. Now we have an end of cycle phase with last week double topping + multiple time frame divergence as well as a breakout to the downside with a very bearish weekly candle close.
Any retraces and tests of previous structure will be good for us to short this pair.
Any retraces and tests of previous structure will be good for us to short this pair.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.