Possibility of a bearish bat pattern completion on this pair.
Reasons to short -
Completion of bearish bat pattern
Coming into an area which previously saw a big sell off, and is now returning to this area for this first time (yellow box)
Pair in a longer term bearish trend
Positive risk to reward
Reasons to short -
Completion of bearish bat pattern
Coming into an area which previously saw a big sell off, and is now returning to this area for this first time (yellow box)
Pair in a longer term bearish trend
Positive risk to reward