This pair is very insteresting because it seems price formed its first long term impulse.
Looking at W1 chart we can see a clear five wave structure. Price tried to reach new highs and bounced from a strong S/R
Here on D1 chart.
- First lower low after a long term uptrend
- expanded green
- 0.61 fib retracement acting as resistance
- Convergence-divergence setup (not shown)
I expect a long term decline from here.
From Russia with love!!