One thing I like about this chart is that price broke support and provided us with a lower low.

The second thing I like about it is that price is below the two major moving averages.

I would therefore recommend to take short positions on this pair.

A nice entry would be if price retraces back to the blue zone prints a reversal pattern to confirm our bearish bias.

Best of PIPS

Uploaded by

Nuno Lampreia

Follow

• 0
• 566
• 0