Hey traders,
Been seeing a lot talk on the chat about this pair, so just wanted to give you my outlook as well. By the look of price action, its indicating to me bearish. There was a cypher on the Hourly timeframe that allowed me to enter short, however, we might see a push up higher before we get the continuation lower. Remember, to follow your plan and don't trade anything that just looks good. I have been testing these strategies for a while so I know what works for me, it doesn't mean it will work for you.
Hope this helps, if you have any questions feel free to comment below.
Been seeing a lot talk on the chat about this pair, so just wanted to give you my outlook as well. By the look of price action, its indicating to me bearish. There was a cypher on the Hourly timeframe that allowed me to enter short, however, we might see a push up higher before we get the continuation lower. Remember, to follow your plan and don't trade anything that just looks good. I have been testing these strategies for a while so I know what works for me, it doesn't mean it will work for you.
Hope this helps, if you have any questions feel free to comment below.