DislikedAs I am already Short on this pair at 1.613 for a retrace i just wanted to share some insight. im still new so might be completely off on this but....
Last week I had been eying price movement on this one quite diligently the momentum slipped significantly (relative to what it has been) after the 1.607 area.
The reason of my entry was technicals suggesting a high probability retrace even though on the longer term side they are suggesting an uptrend. Did not base this on PA.
I usually stay out of such uncertain trades and just watch. however...Ignored
but must be careful in short side too: it's since price was 1.58 people were sure of a correction down.
Yesterday was the past