After consolidating in a large range for several weeks, in mid July this pair made a lower high. Now price has broken below an important support located around 137.250. I am expecting the bearish trend to continue, hopefully after price pulls back to the area of previous support.
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Always use sound money and risk management and stay patient in all your trades.
If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. Please comment and share your own thoughts!!
Always use sound money and risk management and stay patient in all your trades.
Trade active
My entry was perfect, trade is still open.
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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.