For months this pair has constantly been called for either a pullback or a massive down trend and it has been linen to turn but it is only now
that we believe that we are about to witness the downtrend to the 141.450 level, as it has recently broken market structure on the weekly timeframe. We are bearing in mind that price might go for the 138.670 level which will mean price will make a fake out as it will seem like it's breaking the trendline if that happens. If this setup plays out we stand to gain over 1000 pips.
that we believe that we are about to witness the downtrend to the 141.450 level, as it has recently broken market structure on the weekly timeframe. We are bearing in mind that price might go for the 138.670 level which will mean price will make a fake out as it will seem like it's breaking the trendline if that happens. If this setup plays out we stand to gain over 1000 pips.