The pair has finally broken the corrective channel. I expect it to go as low as the long term trendline where we might see a double bottom or break through it and keep going lower.
The price action Im expecting is something like on the below 4H chart. We are also seeing a H&S formation on 4H so the price might just continue lower for a bit before it makes a small correction.
The price action Im expecting is something like on the below 4H chart. We are also seeing a H&S formation on 4H so the price might just continue lower for a bit before it makes a small correction.
Note
Still on watchlist. No entry trigger for meNote
No trigger entry for me. Pair is now out of my watchlist
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.