XBRUSD, H4
XBRUSD is following the trendline and currently tests it at the 73.50 resistance level.
The MFI shows a bearish hidden divergence and the MACD histogram crosses the signal line down, giving a signs of correction for the asset.
- Consider a short trade on XBRUSD with the target at 71.20 and 70.80.
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Timur Yurdagyul
