Marsha_Bygrave

Marsha_Bygrave

From the Bearish Pennant that is formed on this pair, I am expecting a breakout out and then a drop to support at 59862.75.

Marsha_Bygrave

As the trend broke down further on Friday and formed a bearish trend on the 15-minute chart, we can see that on the 4hr chart the support was retested three times. Therefore, I am expecting a bullish movement to R1 and if broken I am expecting the price to go all the way to 154.785 then a bearish movement to test the downside before moving out.