After analyzing this chart, it seemed as there was enough evidence to show that a long is on the cards. However, after further investigation, it became clear that the entire chart from 1 min to 1 day was showing that this pair was actually a strong sell.
after losing much ground overnight and sellers profiting handsomely, the retracement indicates that it has almost reached its 50 percent zone.... In my opinion, I suspect that we will have a further downside to 2953 to 2713 zones...
In the next few weeks, we will see the pair breakdown even more, look at the 2713 zone.... a significant area. We will also hear of the trump lockout being cancelled and the china deal being close... but will be smoke screens unless there is a big development in the US or Brexit...
for now, I am short, should things change over the course of the weekend of Monday, I will be shorting....
This is only my opinion, what's your take?
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