According to my long term analysis this pair is forming a big ABC pattern shown on the chart.
Wave C is starting to ulfold possible as an impulse wave labeled 1-2-3-4-5
Price is now making a deep retracement for wave 2, after that i expect an strong bearish decline.
You can use the harmonic setup shown below as your entry point (bearish bat).
Best regards!! do not overtrade!!
Wave C is starting to ulfold possible as an impulse wave labeled 1-2-3-4-5
Price is now making a deep retracement for wave 2, after that i expect an strong bearish decline.
You can use the harmonic setup shown below as your entry point (bearish bat).
Best regards!! do not overtrade!!