As this pair continues in the bearish direction, we can look at ways to get involved in the next shorting opportunity offering minimum risk compared to reward.
The markets has just put in a retracement up to previous support which should now become resistance.
The 7060 level has been tested a couple of times recently but rejected by the bears.
We are now seeing nice "test" wicks at that same level.
If you are more conservative, you could look at the lower time frames for a double top as your reason for entry.
Good luck in the markets.
The markets has just put in a retracement up to previous support which should now become resistance.
The 7060 level has been tested a couple of times recently but rejected by the bears.
We are now seeing nice "test" wicks at that same level.
If you are more conservative, you could look at the lower time frames for a double top as your reason for entry.
Good luck in the markets.