On the daily chart
, the 200EMA is above price which indicates that price is currently in a strong bearish trend
. The Ichimoku
is also showing breaths signals as as price is below the purple cloud which gives me another confirmation that price will continue to be be bearish
with for a long time as the cloud suggests that the bearish
run could go on until 20th June 2019. Also, The kijun sen is above tenken sen which is another confirm that price is bearish
. The Tenken sen is also showing great resistance as price has been retracing from since the 2nd April 2019. For this pair I would be looking to go breaths and look for bearish
signals on the 4 hour to enter the trade.