It's going to WYCKOFF accumulation schematic formation, in this time the broke of structure complete and after LPS constitution can enter properly long position.
I think if we consider WYCKOFF schematic in this pair, It's going to make Distribution schematic, and UTAD is complete and we should wait for test and LPSY formation in order to short position.
There is daily up trend line and demand zone that push the chart upward, maybe it will break the last HH.
It seams face with a 78% correction which confluences with supply zone.
There is a strong trend line and supply zone and 61.8% fibonacci level, market structure movement shows us that is good place to start new daily down trend.
There is a long term trend line and supply zone that is under long term down trend all these witnesses cause to short opportunity.
Here is cross of 2 trend line and confluence with demand zone, all these witnesses are combine with daily up trend which cause to decent long opportunity.
There is long term trend line and supply zone which it seams decent opportunity.
The main trend is downward and there is liquidity zone confluence with pivot point resistance and 78% fibo, all these probably cause to decent short position
There is strong down trend and chart retrace to obvious supply zone , I expect it will reach to shown demand zone.
AS SHOWN IN THE CHART, THERE IS STRONG DOWN TREND, AND WEN CHART RETRACE TO SUPPLY ZONE IT CAN BE VERY DECENT OPPORTUNITY FOR SELL.
THERE IS STRONG UP TREND HERE , THE DEEP RETRACEMENT TO 62% FIBO LEVEL CONFLUENCE WITH BLUE TREND LINE, ALL THESE MADE A DECENT OPPORTUNITY FOR LONG...