Correction to yesterdays analysis.. This pair is trading in a descending trend on the weekly tf. However, on the Daily tf, we can see a perfect ascending structure. My bias is long for now(80+ pips) as this pair is looking to fake-out of the weekly descending structure to complete the final touch at the top of the daily ascending trend. From there I will be looking to short this pair for an aggressive sell-off all the way down to the 78.000 level (+-400 pips) and possibly beyond to the 71.500 level(+-1100 pips)
Please feel free to like and share your views in the comments.
Safe trading!
Please feel free to like and share your views in the comments.
Safe trading!