Now if you go onto the monthly time frame you will see it has been producing lower highs since 1998, next one I believe is being formed now! At the peak of the lower high a has formed followed by a strong candle to add confirmation to the expected move.
is also showing the pair to be over brought in the monthly frame, ma cross over on the daily time frame has almost occurred!
- Lower highs
- Near ma crossover
- Over brought on the monthly
- Trend changing to , ( formed )