The NC pair has completed its corrective and hit a nice liquidity block (highlighted in yellow above).
From this point on, belief is that price will continue to trade lower and I would tend to lean on the side of a bear rally right back down to the previous lows.
There are several road blocks between entry and target but so long as price continues to break through each one, there's no reason why the trend wont continue.
From this point on, belief is that price will continue to trade lower and I would tend to lean on the side of a bear rally right back down to the previous lows.
There are several road blocks between entry and target but so long as price continues to break through each one, there's no reason why the trend wont continue.