I am technically neutral on this pair, however I will only take a bearish position.
This is because there are no major supports below the support trendline shown above, while there are several resistance areas above the resistance trendline.
There are simply less obstacles in a short position.
This is because there are no major supports below the support trendline shown above, while there are several resistance areas above the resistance trendline.
There are simply less obstacles in a short position.
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.
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.