LONG TERM BEARISH FLAG IN PLAY AND THE PAIR IS STILL IN THE CORRECTIVE WAVE IN FORM OF AB=CD PATTERN AN I AM EXPECTING IT TO REJECT ON THE 50% FIB ZONE OR THE 61,8% FIB ZONE. ON THE DAILY TIME FRAME PAIR WAS STRUGGLING ON A MAJOR ZONE OF RESISTANCE TILL THE WEDNESDAY DAILY CLOSE WAS ABOVE THE RESISTANCE THAT CONFIRMS ONE MORE BULL MOVE TOWARDS THE FOLLOWING PRICES (162.962 & 165.5770) .
I WILL LOOK FOR MORE BEARISH CONFORMING SIGNALS ONCE WE'VE COMPLETED THE BULL CYCLE TOWARDS THE SELL ENTRY AREA
I WILL LOOK FOR MORE BEARISH CONFORMING SIGNALS ONCE WE'VE COMPLETED THE BULL CYCLE TOWARDS THE SELL ENTRY AREA