On the weekly time frame we have seen a nice pin bar/shooting star form. It has rejected off of the .500 Fib and if you zoom into the daily chart it has rejected from the 200EMA.
From here we may see a small pull back into the pin bar but overall my bias is short on this pair.
Just be aware of the fundamentals this week, we have a few big releases coming out of the US.
From here we may see a small pull back into the pin bar but overall my bias is short on this pair.
Just be aware of the fundamentals this week, we have a few big releases coming out of the US.
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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.