As described in the chart, we have a potentially very bearish outcome for this pair.
I'd suggest waiting for the uptrend timer to expire for entry, but we can short aggressively under the highest low if we so desire.
I'll wait one more day, there's no rush and it's good to be methodical.
Initial target is the 1.06141 level, where we had the highest low in the downtrend. Once that level's taken, we can expect the move to continue to the 1.01-0.9 area.
Good luck traders!
I'd suggest waiting for the uptrend timer to expire for entry, but we can short aggressively under the highest low if we so desire.
I'll wait one more day, there's no rush and it's good to be methodical.
Initial target is the 1.06141 level, where we had the highest low in the downtrend. Once that level's taken, we can expect the move to continue to the 1.01-0.9 area.
Good luck traders!
