Price in a solid downtrend in this pair.
As the daily chart shows, in recent times we have a series of lower lows and lower highs with a textbook trend lower.
Looking to trade inline with this trend looks the best play until it beds (reverses).
If price can rotate back higher into the overhead price flip resistance level, then we can start to look for new short trades inline with this trend lower.
As the daily chart shows, in recent times we have a series of lower lows and lower highs with a textbook trend lower.
Looking to trade inline with this trend looks the best play until it beds (reverses).
If price can rotate back higher into the overhead price flip resistance level, then we can start to look for new short trades inline with this trend lower.
