Trade Alert.
This could end up being an interesting SHORT trade. But not just yet. We have to wait for the reversal signal.
Watch the peak of 2016 at around 322. Could act as the first good resistance. Id we get a reversal signal, then this could drive the pair to test the steep upwards moving trendline, a break of which, could pull the pair a bit lower.
Don't forget your stops.
This could end up being an interesting SHORT trade. But not just yet. We have to wait for the reversal signal.
Watch the peak of 2016 at around 322. Could act as the first good resistance. Id we get a reversal signal, then this could drive the pair to test the steep upwards moving trendline, a break of which, could pull the pair a bit lower.
Don't forget your stops.