Hello fellow traders and investors,
We think this pair is overbought simply because of the fundamental news about the Brexit. For us technically it is a short at this key area. We are already selling at the given entry above, entering here is not a bad idea if you are not shorting it yet.
Breaching the daily channel will open the floor to 0.8 for this pair. The daily channel can be seen below:
Good luck and don't forget to give us a thumb if you like our analysis!
Regards, ValescoTradingGroup
We think this pair is overbought simply because of the fundamental news about the Brexit. For us technically it is a short at this key area. We are already selling at the given entry above, entering here is not a bad idea if you are not shorting it yet.
Breaching the daily channel will open the floor to 0.8 for this pair. The daily channel can be seen below:
Good luck and don't forget to give us a thumb if you like our analysis!
Regards, ValescoTradingGroup
Comment:
We are adding another leg: