This pair have given us signs to SHORT it.
1. We created a Bearish Gartley Pattern
2. We broke and close previous Support Level
3. We broke and retested the trend line
4. We have created a downtrend
5. We are rejecting the 0.382 Retracement
We are expecting the market to at least test the 0.50 Retracement, before continuing it's move to the downside. If we do not reach it however, we would enter the market if this pair gives us a good entry reason.
NOTE: Do not place trades based on this analysis blindly, always have and follow your own analysis.
I would love to know your thoughts on this pair. :)
1. We created a Bearish Gartley Pattern
2. We broke and close previous Support Level
3. We broke and retested the trend line
4. We have created a downtrend
5. We are rejecting the 0.382 Retracement
We are expecting the market to at least test the 0.50 Retracement, before continuing it's move to the downside. If we do not reach it however, we would enter the market if this pair gives us a good entry reason.
NOTE: Do not place trades based on this analysis blindly, always have and follow your own analysis.
I would love to know your thoughts on this pair. :)