Last post: April 28th. See chart.
Review: Price had broken key support and was weakening further towards the 200sma.
Update: Price continued to weaken is now trading 300 pips below the 200sma and the significant round number of 1.2000.
Conclusion: Price now has a bearish bias and we will be standing aside until an opportunity to short this presents itself.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Review: Price had broken key support and was weakening further towards the 200sma.
Update: Price continued to weaken is now trading 300 pips below the 200sma and the significant round number of 1.2000.
Conclusion: Price now has a bearish bias and we will be standing aside until an opportunity to short this presents itself.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading