Keep a very close eye on this pair. You can see the price is hovering around a support line that was created around September 2019.
As of this time you can see by the last six candles that buyers are struggling to keep the price up and sellers are ready to break the support line.
The ideal situation would be to see a breakout then a retest occuring where I would take a short trade.
*THIS IS MY OWN ANALYSIS. ALWAYS FOLLOW GOOD MOENY MANAGEMENT AND ALWAYS TRADE AT YOUR OWN RISK.
*IF YOU AGREE OR DISAGREE PLEASE SAY WHY AND/OR ANALYSIS AS I AM ALWAYS LEARNING FROM OTHERS AND IMPROVINGMY STRATEDGIES.
THANK YOU.
As of this time you can see by the last six candles that buyers are struggling to keep the price up and sellers are ready to break the support line.
The ideal situation would be to see a breakout then a retest occuring where I would take a short trade.
*THIS IS MY OWN ANALYSIS. ALWAYS FOLLOW GOOD MOENY MANAGEMENT AND ALWAYS TRADE AT YOUR OWN RISK.
*IF YOU AGREE OR DISAGREE PLEASE SAY WHY AND/OR ANALYSIS AS I AM ALWAYS LEARNING FROM OTHERS AND IMPROVINGMY STRATEDGIES.
THANK YOU.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.