this pair on the monthly chart is bearish looking, the monthly structure high is 9550 which should hold as resistance for the monthly bear movement to continue.
Comment:
4h structure broken to the upside I will either add another sell if price moves to 8812 the 0.27 fib extension and then try to profit with a possible retest of the 8755 area where I will close all my sell positions or if price moves to 8715 support I will close my sell position in profit.
Trade closed manually:
As I wrote in my previous analysis price dumped after touching the 8812 fib extension level and I closed all of my short positions around 8750 in profit of 50 pips.
As I wrote in my previous analysis price dumped after touching the 8812 fib extension level and I closed all of my short positions around 8750 in profit of 50 pips.