Hello Traders,
There are multiple reasons to short this pair.
Nearing trend line resistance and previous structure level.
RSI Divergence..
78.6 Fib level of 4/21 high and 5/24 low.
The stop loss should be above 7700 which gives a good RR.
Good Luck!
I expect the daily price close below 0.7635, unless there is a very bad NFP print.
There are multiple reasons to short this pair.
Nearing trend line resistance and previous structure level.
RSI Divergence..
78.6 Fib level of 4/21 high and 5/24 low.
The stop loss should be above 7700 which gives a good RR.
Good Luck!
I expect the daily price close below 0.7635, unless there is a very bad NFP print.