After a massive bearish move to the downside, a huge correctional move was needed. Now that the correctional move is ready, we will be looking forward to opening juicy short positions. The price needs to fill the imbalance first and grab some liquidity around the 1.81-1.82 region. From there, we will wait for the price to form a nice top before selling. The target will be set at the previous Lower Low
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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.