The pair has turned bearish
overall and it is forming Lower Highs and Lower Lows. We were able to enter a short position last Friday and capture a decent +100 pip bearish
move. The price has formed a new Lower Low and it is on his way up to form a new Lower High. We are opening BUY positions here and aiming for the area identified on the chart. Once again, our overall bias is bearish
. We will be looking for SELL positions after a new LH is formed.
Happy trading, family! Make sure to drop your thoughts and ideas in the comment section below!