I have been watching this pair for a possible reversal since the downtrend started and it looks like the time for that has finally come.
Price action recently rejected a demand zone I mapped out which coincided with a lower trendline I have placed on the weekly tf.
seeing as price has broken out of the downtrend I'm looking at this one for a short-term opportunity as a retracement to just about 50% of the move down.
Price action recently rejected a demand zone I mapped out which coincided with a lower trendline I have placed on the weekly tf.
seeing as price has broken out of the downtrend I'm looking at this one for a short-term opportunity as a retracement to just about 50% of the move down.