After a beautiful HUGE BEARISH ENGULFING WEEKLY CANDLE from 50sma. Bears are now back in control ready for the next down leg. Feel free to hit the sell button on any pullbacks. Targets are FIB D1 and D2 levels
Overall we are long on this pair through conducting our top down analysis. On the monthly, weekly, daily time frame we have bullish signals. However, analysing the 4 hour window it seems as if the 5 Impulse wave is in play. If the 5th wave does complete around 0.64800-0.6500 we then can look for bearish signals for the corrective wave. However if price breaches...