The pair has seen a strong bullish trend for the past 6 weeks
On the daily chart we saw the pair close with a evening star displaying a signal that a pullback will possibly occur.
It has failed to break the $1875 key level and it has began consolidating meaning that a possible drop is about to happen.
The setup for the pullback as displayed is:
Entry @1868.000
TP1@1850.000
TP2@ 1840.000
SL@1875.000
On the daily chart we saw the pair close with a evening star displaying a signal that a pullback will possibly occur.
It has failed to break the $1875 key level and it has began consolidating meaning that a possible drop is about to happen.
The setup for the pullback as displayed is:
Entry @1868.000
TP1@1850.000
TP2@ 1840.000
SL@1875.000