As you can see in the chart there are potential trading setups in this pair.
If you are not familiar with the fibonacci inversion trading setup I will update later this Idea with an educational post.
As far market is trading below a significant level. Although technical analysis maybe justify a short position from that level. This is not part of my trading plan.
I will sit back and wait for a possible completion any of the patterns and for thr price action and RSI confirmation.
In that cause I will update.
WIth Regards,
Michail SIderis
If you are not familiar with the fibonacci inversion trading setup I will update later this Idea with an educational post.
As far market is trading below a significant level. Although technical analysis maybe justify a short position from that level. This is not part of my trading plan.
I will sit back and wait for a possible completion any of the patterns and for thr price action and RSI confirmation.
In that cause I will update.
WIth Regards,
Michail SIderis