Hello Traders, This is a Screenshot of my Analysis on this Pair. Price has been Bullish on the Monthly Timeframe, confirming that we are in a Bullish Environment.
However, we have an Accumulation on the Daily Timeframe and we can see Price bouncing inside a Pennant. I have marked out an area of Demand and I will be Monitoring Price Action inside this Demand Level for Potential Bullish Trading Opportunities in the Coming Days. Stay Put for this one.