Hello fellas. This pair is currently on its way out of the five month long consolidation period. Long term bias is bearish
. The only thing I will wait for now is a break and close below the support line, followed by a pullback in case its a fake breakout. If it still holds i will short this pair.
I'm expecting a big drop if it breaks, lets start the waiting game!
- Long term bearish
- Below 200 SMA
on higher time frames
- Breakout from consolidation often gives a massive drop.