On the Weekly chart, we witnessed a few months back how price soared into the Weekly reversal zone. Since its entry into that zone, the market turned bearish and we took on a bearish perspective for this pair. Since then, we have seen this pair continue to melt bearish.
Price is expected to dip all the way down to our Weekly liquidity level at 1.04469, and beyond.
Upon attaining that level, prices is expected to witness a major bullish pullback into the bearishi swing.
On the smaller timeframes of the Daily down to the 1 hour, we will look to spot our trends that align with the higher timeframe perspective. This is the best way to trade, to avoid being caught up in a reversal or unclear market conditions.
Price is expected to dip all the way down to our Weekly liquidity level at 1.04469, and beyond.
Upon attaining that level, prices is expected to witness a major bullish pullback into the bearishi swing.
On the smaller timeframes of the Daily down to the 1 hour, we will look to spot our trends that align with the higher timeframe perspective. This is the best way to trade, to avoid being caught up in a reversal or unclear market conditions.
We had expected to see prices soar higher into our zone before resuming the bearish run. Price has now done that. We have seen prices today complete the move into our zone.
We would now expecte prices to resume the bearish rum towards the weekly target below