Simple trend analysis. pair has reach resistance trendline and completed an elliot wave pattern. We are looking to go short on the pair after a possible rebound.
We should expect the pair to move to the lows of 1.56000 level. Simple Elliot wave analysis has made the fifth wave. possible entry to go short at 1.57000 with take profit at 1.56000 and stop loss at 1.57427.
The 1.14867 level is Broken, a retest on the 1.14747 level will confirm a sell signal after a rebound. We are looking to go short with a stop loss at 1.15262 and take profit at 1.13064.
