This pair is ready to fall out of the sky if you look at it from a money distribution perspective.
I assume the last run of liquidity was to capture orders from the demand area, now we have collected them, we can collapse to the downside.
I will be looking for slight pullbacks before I get involved in shorts.
What are your thoughts on this analysis, comment below.
I assume the last run of liquidity was to capture orders from the demand area, now we have collected them, we can collapse to the downside.
I will be looking for slight pullbacks before I get involved in shorts.
What are your thoughts on this analysis, comment below.
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Related publications
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.