There is a selling opportunity seen in the currency pair. The Currency Pair on 20th Aug 2021 made a abrupt move, the pair opened high and then on intraday basis the pair made a low of 0.50 point and then closed near the opening making low the Strong Support and high as a Strong Resistance.The pair is trading below the EMA's and the EMA's is showing a negative trend.

Expecting the currency to correct till the support zone(marked as blue on the chart), If the pair closes below the support zone for 2days we will enter the position on the sell side.
The DMI is indicating negativeness and the ADX is showing strength on the selling side.

The Rsi is also following the price move.

Those who want to take risk, can enter a sell position at cmp.

Risky Trade

Aug 30 2021

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