after a very strong bullish impulse from 0.67 level,
buyers finally started closing their position and we see that the momentum is slowing down.
price is currently coiling within a rising parallel channel with clear RSI divergence.
I will be waiting for a bearish breakout of a channel to short the pair.
Stop will be above the highest point of the channel.
T1 - 0.6825
T2 - 0.6785
Note
Market is still within the channelNote
Almost hit the target!
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.