On the monthly charts we have a long term bearish trend forming new lows. There are imbalances likely to be cleared when there is a bullish correction.
On the lower time frames, we signs of a bullish correction forming though we do not yet have a clear confirmation. On the 4 hour,we have internal bullish structure with minor bearish correction. Once we have a clear break, we will go long on this pair targeting the previously mentioned imbalances.
On the lower time frames, we signs of a bullish correction forming though we do not yet have a clear confirmation. On the 4 hour,we have internal bullish structure with minor bearish correction. Once we have a clear break, we will go long on this pair targeting the previously mentioned imbalances.
Trade active:
We are presently bullish
Trade closed: target reached:
The price played out as expected. Presently we are anticipating price to keep pushing higher.
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