Hello my dear friends,
That pair was slipping for so long that everyone afraid to long it, so me as well, but I'll never neglect that fact that this pair showing a great bearish momentum withdrawing, so I would trade what I see and be prepared for alternative scenario after more confirmations about continuing the downtrend. We would wait first for this currency pair to show higher high and higher lows, only then it will prove that we a got a low that has over 90% of probability to be the low of this currency pair.
First we would target the first resistance level then we will check the momentum every while to rest assure that this pair accumulating bullish momentum to go into higher levels.
Good luck and to be updated...
That pair was slipping for so long that everyone afraid to long it, so me as well, but I'll never neglect that fact that this pair showing a great bearish momentum withdrawing, so I would trade what I see and be prepared for alternative scenario after more confirmations about continuing the downtrend. We would wait first for this currency pair to show higher high and higher lows, only then it will prove that we a got a low that has over 90% of probability to be the low of this currency pair.
First we would target the first resistance level then we will check the momentum every while to rest assure that this pair accumulating bullish momentum to go into higher levels.
Good luck and to be updated...
