I've been studying this pair for the last week, this pair is clearly trending downward and currently at a clear level in the market for a sell, risk big to make big this pair does need space on the stop loss
okay obviously i cant afford to trade this most likely you cant either, but this is just to show you its exhausted, and ready to crash, its already reversing so its just in the matter of time that you will be looking for food stamps and government funding, so prepare yourself for a crash and have a happy market crash!! =)
here we see a perfect set up, like last trade hit my tp. this one is going to be a long trade to buy its already at a 50% fib on the daily impulse. we see more confluence with the 200 ma way above the price its at right now signaling a buy, im definitly buying when the market opens!!!!
most of the analysis is made on the 1d time frame, i would zoom in and look whats happened on the last 2 impulses and show that it much very has respected that support line dis regarding those wicks, looking for a clear entree point in the next day seeing where it heads because it might wick downward and follow up with a bullish impulse!