We may hit the end of the bend. On the larger time frame, we see price retest the double bottom neckline. Last month price developed a doji a huge sign that price might be heading in the opposite direction soon. Fundamentally we see Smart money adding to their contracts and the candles are shortening. Its safe to say that most pairs on the correlated side of the dollar that we can hold our sells until we see price action give us the sign to get out.
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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.