Hello traders
This pair has been following a strong down trend generally forming lower lows and lower highs.
If price action can reach 1.2875 we can have a Cypher pattern completion. I will be looking to short here and following the bearish trend.
Furthermore, we have areas of structure around this zone with support of trend line resistance.
I will be keeping an eye on this pair, and ideally expecting RSI overbought conditions or divergence around the entry level.
Two targets:
TP1- 1.2716
TP2- 1.2621
Thank you. Feel free to follow, like and share
This pair has been following a strong down trend generally forming lower lows and lower highs.
If price action can reach 1.2875 we can have a Cypher pattern completion. I will be looking to short here and following the bearish trend.
Furthermore, we have areas of structure around this zone with support of trend line resistance.
I will be keeping an eye on this pair, and ideally expecting RSI overbought conditions or divergence around the entry level.
Two targets:
TP1- 1.2716
TP2- 1.2621
Thank you. Feel free to follow, like and share
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.