This pair has been in a bullish downtrend since April 16th, I have strong hope that it will keep within this trend for a while longer.
Currently price is at the higher side of the trend, with Williams%R showing a reading of 4.17. Which shows me this pair is very overbought and a reversal is going to occur soon.
I am also now going to wait for some sort of candlestick pattern to enter on higher time frame, such as a shooting star, an evening star or even just an engulfing candle.
Currently price is at the higher side of the trend, with Williams%R showing a reading of 4.17. Which shows me this pair is very overbought and a reversal is going to occur soon.
I am also now going to wait for some sort of candlestick pattern to enter on higher time frame, such as a shooting star, an evening star or even just an engulfing candle.