We are looking for selling opportunities only due to the higher time frames remaining bearish.
Confluence factors:
Confluence factors:
- Trendline breakout.
Falling wedge breakout.
Potential key-level breakout.
Change from bullish to bearish market structure.
Note
Structure has been broken. We are waiting for the pull back to the key level area before we enter short.Trade active
Note
Price seems to be gaining momentum to the downside. We are planning to hold this trade for the next two weeks.Trade closed: stop reached
We have been stopped out. It seems as if going to the new month that this pair will be bullish. With that being said we will only be looking for buying opportunities in the direction of the bigger picture trend.
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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.