Hello, according to my previous long term analysis im expecting a strong pullback on this pair:
On D1 chart price broke the channel and previous level of S/R for the first time, we have also bearish divergence on MACD
Im trying to find a good entry point with a good R/R ratio because this pair is very volatile.
Here on H4 chart a nice bearish shark pattern is forming, the stop loss is secure above the round level 2.400
I will place a sell limit order there. If this setup works we could see a HUGE decline.
Best regards.
On D1 chart price broke the channel and previous level of S/R for the first time, we have also bearish divergence on MACD
Im trying to find a good entry point with a good R/R ratio because this pair is very volatile.
Here on H4 chart a nice bearish shark pattern is forming, the stop loss is secure above the round level 2.400
I will place a sell limit order there. If this setup works we could see a HUGE decline.
Best regards.