I still have a long term short bias on this pair after breaking down below a key support of 1.05200 with the daily and weekly candles still looking very convincing for a big short.
Lower time frames i have missed this entry here which i would've taken on the CTL break on the 1h TF.
However if this moves the downside i will look at PA around the 200EMA and 38.2% fib for a possible rejection and retest of 1.05200 before the big move down.
Target set: 1.02850.
For more trading updates and analysis follow me on instagram - tag in bio.
Lower time frames i have missed this entry here which i would've taken on the CTL break on the 1h TF.
However if this moves the downside i will look at PA around the 200EMA and 38.2% fib for a possible rejection and retest of 1.05200 before the big move down.
Target set: 1.02850.
For more trading updates and analysis follow me on instagram - tag in bio.