Looking at the monthly TF, this pair is moving in downtrend for a good amount of time. Whilst moving down, the price has pullbacked several times and currently I see the price is in a pullback mode. The price is also respecting a downtrend line acting as resistance levels.
Currently, I have a a long trade with SL below monthly lows and TP towards the trendline resistance.
If price is able to break the monthly donwtrend we can see price could move possiblly to 61.8 retracement levels.
This is a longterm trade, needs lots of patience.
Trade safe guys
Currently, I have a a long trade with SL below monthly lows and TP towards the trendline resistance.
If price is able to break the monthly donwtrend we can see price could move possiblly to 61.8 retracement levels.
This is a longterm trade, needs lots of patience.
Trade safe guys