Price is currently in a downtrend on the Daily timeframe, shown by the lower highs and lower lows. Also, price has bounced from the Supply level at 1.33773 and is in the middle of the curve until the next Demand level below at 1.28453.
We could take a look at lower timeframes and find supply zones to take short trades, as the odds are on that side.
We could take a look at lower timeframes and find supply zones to take short trades, as the odds are on that side.
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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.