Pair has been spiking and channeling in a bear trend since the 11-AUG swing high but current channel that is forming is an equidistant bear channel containing possible climactic bear legs (or even bear traps) that could facilitate transition to either sideways ranging or even a reversal.
Of course current bearish trend could continue lower but the bear channel will eventually break and usually, traders anticipate an upside break.
Let's wait and see.
Of course current bearish trend could continue lower but the bear channel will eventually break and usually, traders anticipate an upside break.
Let's wait and see.
