Technically looking the price of this pair, we can that using the elementary trading skills of break-out and retest. the price has retested two major trendlines. I may have not shown them on the charts but on four hourly charts they are visible.
now we are looking forward for the price to fall in order for it regain momentum to be able to push to the upside as there's a major support zone with triple touch. hence, we sell to buy for a long run. the exit point is identified by the use of fibo trading tool.
now we are looking forward for the price to fall in order for it regain momentum to be able to push to the upside as there's a major support zone with triple touch. hence, we sell to buy for a long run. the exit point is identified by the use of fibo trading tool.