The price has been growing non-stop. After a strong impulsive move, a correctional move is a must. Therefore, we are looking forward to opening a short-term sell position and aiming for the area identified on the chart which aligns with the 0.618 Fibonacci retracement level. However, keep in mind that our long-term bias remains bullish for this pair. We are just looking for a short-term sell position, before jumping in the trend and riding the price up
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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.