This is how I follow up the market. Here we have bearish divergence. It may change in the near future based on the daily chart, which means that the market will resume the uptrend after taking some breath. I expect a very probable correction down but it may be just enough to clean out this bearish divergence then the bullish move will resume. On the downside, this pair can also fall down much deeper and target below the 61,8% retracement and even go to 88,8% before the next move up.
Comments
CleanBioEnergy
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When will the correction of SHORT trend start taking place? On 4th May?
outfodamilli
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Kumo twist to downside and now we either see kumo break to upside with the help of TK cross bullish. I see 50% retrace at very least to hug the cloud a little