Bearish ascending wedge seen on the Daily timeframe on this pair. Watch out for a daily close below the trendline, and then enter on the re-test. This pair offers huge pips, similar to the EURCHF analysis that I shared some time ago.
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Just closed trade with profit. Will look to enter again on re-test next week
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Daily candle closed below trendline. Will enter on the re-test of broken trendline on either H1 or H4 timeframe
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Price has re-tested. We might see further decline on this pair.
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No 2nd trade taken on this pair
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Still has a lot of potential for downside movement. Will re-analyse this pair soon.
Thank you.