Recently this pair has gained a lot.
And even if it's tamping to go short so my advice is to wait with that. Looking on monthly basis we see a strong bullmarket.
To give a best shot on this I will look at 0.73000 as potential area to go short, if priceaction tells me to do so.
Scenario 1) Price halts a bit at resistance and than goes up, bulls are i a charge.
Scenario 2) Price pulls back to make a dip or channel on 1H,4H timeframe, than goes up
Scenario 3) Price makes a reversal and bears takes control.
And even if it's tamping to go short so my advice is to wait with that. Looking on monthly basis we see a strong bullmarket.
To give a best shot on this I will look at 0.73000 as potential area to go short, if priceaction tells me to do so.
Scenario 1) Price halts a bit at resistance and than goes up, bulls are i a charge.
Scenario 2) Price pulls back to make a dip or channel on 1H,4H timeframe, than goes up
Scenario 3) Price makes a reversal and bears takes control.