This pair remains bearish and all we need is to take out 1.30000 key level then we lit all the way to -27% and -61.8% respectively.
Expect more bearish behavior on this pair. Take advantage on lower timeframes for the continuation.
We've already tapped our 61.8% and well on our way to fulfill our extension level at -27% and -61.8%....Take advantage of shorts opportunity if you notice slight pullback or consolidation and continuation on lower timeframes...
Wait for a pullback on the lower timeframes in order to continue selling this pair.
Wait for a pullback on lower timeframes to take a short trade...
Higher TF(weekly) lower high still be maintained. Telling us we still in a bearish trend. Take advantage of short opportunities on lower timeframes.
Long opportunities should be taken as a result of a retracement after the downpour.
We need some form of pullback and this double bottom + demand area proves price is set for it. Look to execute on lower timeframes.
Self explanatory... Add to your analysis to see if it lines up.
Weekly last LH being maintained with no candle close above. Bigger trend is still bearish. Golden fib @61.8% lines up perfectly with the uptrend line. Short setups presented on lower timeframes should be executed accordingly.
Broken weekly bearish trendline expected to be retested which lines up with the golden 61.8% fib. Short setups expected.