A friend asked me to analyze this pair, and looking at my normal time frames, I am seeing a sell as this pair is currently in a bearish trend. If you don't have short sell capabilities, I would look for a long entry (buy) at 1.1720 to ride the retracement and sell at 1.6721 for a $0.50 move. Otherwise, sell at market with targets at 1.1720 and a stop at $1.8974
WARNING - I don't trade crypto currency and am basing this trade idea purely of the technical chart analysis. I am not familiar with how the crypto currency markets flow so all my ideas may or may not be valid.
WARNING - I don't trade crypto currency and am basing this trade idea purely of the technical chart analysis. I am not familiar with how the crypto currency markets flow so all my ideas may or may not be valid.