Short with tight hedge stop-buy.

10 thg 8, 2020

The pair is sitting on a support/resistance line so better setting up a tight hedge with a stop-buy in case. Price action closed well below the Bollinger middle band on Friday with a bearish engulfing candlestick. The bearish divergence with RSI is adding to the downside view. If that materializes I plan to add another position when crossing below next Fibo under under 68.