Will be looking at short positions for this pair for the following reasons.
It is approaching a point of Major resistance.
It is sooo far above the Hull 250 EMA that it has to retrace (to get back to equilibrium) most likely to the previous major support level before retesting the resistance level again.
This is a long-term swing for me looking forward at least 6-8 months.
Once it reaches the major resistance zone, I would start looking for short positions.
I would need to zoom in to get a better entry point, once price approached the major resistance zone.
**This is just my trading thought process and does not constitute as financial advice.
**Trading with proper risk management
It is approaching a point of Major resistance.
It is sooo far above the Hull 250 EMA that it has to retrace (to get back to equilibrium) most likely to the previous major support level before retesting the resistance level again.
This is a long-term swing for me looking forward at least 6-8 months.
Once it reaches the major resistance zone, I would start looking for short positions.
I would need to zoom in to get a better entry point, once price approached the major resistance zone.
**This is just my trading thought process and does not constitute as financial advice.
**Trading with proper risk management
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.
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.