The pair spiked and the "cautious" SELL idea did not pan out as we never had the break of 17.7500 support area. Right now, we are at the top of the channel, and even though it may spike above it, gravitational forces may likely drag it down again, as we are slightly overbought as well and a return towards 17.80s is possible. The USDX moved higher as well, but similarly it is slightly overdone.
Strategy SELL @ 17.9650-18.0500 and take profit near 17.7800-18.8050 area.
Medium-term still am seeing higher (see my 3D chart few days ago).
Strategy SELL @ 17.9650-18.0500 and take profit near 17.7800-18.8050 area.
Medium-term still am seeing higher (see my 3D chart few days ago).
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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.