In the long term we can expect the pair to rally further but on
the shorterm term we can look to sell. Ideally we want to see
the price close to the bearish trend line and the price to form
bearish divergence. If the move up came in double wave
that would be an extra confirmation.
Target 1: 1.0850
Target 2: 1.0800
Stop Loss: Break and above the trend line and resistance area.
the shorterm term we can look to sell. Ideally we want to see
the price close to the bearish trend line and the price to form
bearish divergence. If the move up came in double wave
that would be an extra confirmation.
Target 1: 1.0850
Target 2: 1.0800
Stop Loss: Break and above the trend line and resistance area.
