The pair is trading within a strong long term Channel Up since October 2017 on the 1M (monthly) chart (RSI = 60.289, MACD = 0.143, Highs/Lows = 0.3378). It is currently testing the 12.6000 1W Resistance following a Golden Cross on the 1D chart.
This formation has delivered a roughly -4% drop on the past two occurences. Since the RSI topped at 80.000 which is always a sell zone on 1D, we are going short with TP = 12.2000 or once the 1D RSI touches 38.500.
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This formation has delivered a roughly -4% drop on the past two occurences. Since the RSI topped at 80.000 which is always a sell zone on 1D, we are going short with TP = 12.2000 or once the 1D RSI touches 38.500.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.