Hi Traders,
The higher timeframes indicate that this pair is still in the sellers area. Price has failed to break a key resistance. We can enter a short position if the price breaks the trendline with a possible target at Highlighted area (yellow). The stop loss to be maintained above 124.714 (Green) its better to book loss if candle close above this level.
For queries pls comment below.
Happy Trading....
The higher timeframes indicate that this pair is still in the sellers area. Price has failed to break a key resistance. We can enter a short position if the price breaks the trendline with a possible target at Highlighted area (yellow). The stop loss to be maintained above 124.714 (Green) its better to book loss if candle close above this level.
For queries pls comment below.
Happy Trading....