Looking at the monthly chart a feel the pair is breaking down, but on the weekly and daily time frames show some reversal potential.
Head and shoulder reversal as shown on the daily chart is forming up nicely. The MACD is turned up and looking at crossing the zero line. the weekly MACD as turned up below the zero line with MA recently crossing.
I may be looking to enter long in a day trade on the next candle depending on the close.
Head and shoulder reversal as shown on the daily chart is forming up nicely. The MACD is turned up and looking at crossing the zero line. the weekly MACD as turned up below the zero line with MA recently crossing.
I may be looking to enter long in a day trade on the next candle depending on the close.
