Hey Traders,
I've been short this pair for a few months now, and my stop has been trailed down so this is the current pattern I am monitoring. Price has consolidated in the range outlined, and now price has been rejected at the range high.
It seems as if a wedge pattern has been formed. A trade idea could be to wait for a bearish break of the pattern before entering any short positions with a stop loss set above the channel highs. If you would like for me to become more active and post more technical analysis on here please let me know in the comments.
Cheers =)
I've been short this pair for a few months now, and my stop has been trailed down so this is the current pattern I am monitoring. Price has consolidated in the range outlined, and now price has been rejected at the range high.
It seems as if a wedge pattern has been formed. A trade idea could be to wait for a bearish break of the pattern before entering any short positions with a stop loss set above the channel highs. If you would like for me to become more active and post more technical analysis on here please let me know in the comments.
Cheers =)
