Previously bullish on this pair - however recently has been setting lower highs and lower lows - recently hit resistance again at 1.35615 - third test of this level.
Small section of consolidation highlighted in the rectangle - most recent candle seems to have tested the upper bound of this.
Initial thought is a short however not that confident - need to look for more before entering.
Small section of consolidation highlighted in the rectangle - most recent candle seems to have tested the upper bound of this.
Initial thought is a short however not that confident - need to look for more before entering.
Comment:
Or even wait for a test of 1.34650 resistance and look to short.
Need to pay attention to OPEC news due to the CAD impact
Need to pay attention to OPEC news due to the CAD impact
Looks to have bounced off previous support - might be looking at buy with take profit at next resistance level - 1.34650...