The pair is in an overall uptrend but broke out of the larger channel over the week then retested it before continuing in a downtrend.
Exhaustive candles are also forming so this might turnaround earlier than the entry area. The MACD histograms also speaks of weakening of the uptrend Let's see how price treats the 23.6% level before making decisions.
I'll tuck in my short bias till then 🛌🏾
Exhaustive candles are also forming so this might turnaround earlier than the entry area. The MACD histograms also speaks of weakening of the uptrend Let's see how price treats the 23.6% level before making decisions.
I'll tuck in my short bias till then 🛌🏾