We have had a short bias on this pair for a while as the market is overall within a downtrend.
We have been waiting for price to break out of our box range to the downside. We are currently watching this pair for a retracement for a short position to ride the continuation of the bearish trend. If we don't see the pull back then this trade has already left without us and we will move onto the next set-up.
We have been waiting for price to break out of our box range to the downside. We are currently watching this pair for a retracement for a short position to ride the continuation of the bearish trend. If we don't see the pull back then this trade has already left without us and we will move onto the next set-up.