Technical reasons for the large decline of this pair I want to monitor what will be the situation after several months
Monitor wedge pattern awaiting break or failure
There is a rising trend line from which the price has rebounded more than once and a weekly price action candle has occurred
Breaking the bearish trend and retesting it is possible to enter the half of the purchase contract and if broken blue rectangle we can enter the other half
The price formed a symmetrical triangle and broke it, supporting the price rally
The price created a triangular triangle and then was dismantled and retested with breaking the daily resistance level
The price created a symmetrical triangle and then disassembled and retested
The price at the upper edge of the descending channel with the price of the Price Action candle supports the bearishness
The bearish trend line is accompanied by the formation of a bearish head and shoulders pattern supporting the downside
Head and shoulders supports ascending to the known goal of this model
Touching a rising trend line accompanied by strong price action rallies supporting the rally
Rebound from resistance with the emergence of Price Action
Break the trend line and retest and form a head and shoulders supporting the landing !!