Hello Traders!
We have the momentum of a downtrend with this pair! The 2 legs down get stronger and stronger. We Also have a been put into the mini buyers! This is giving false hope to the buyers whilst the bigger picture we are in a downtrend. Now we have pulled back to 0.5 and made no HH. We are in for a downtrend. We could see a pull back to the 0.618 retrace then down. lets see what happens!
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Trade Away!
We have the momentum of a downtrend with this pair! The 2 legs down get stronger and stronger. We Also have a been put into the mini buyers! This is giving false hope to the buyers whilst the bigger picture we are in a downtrend. Now we have pulled back to 0.5 and made no HH. We are in for a downtrend. We could see a pull back to the 0.618 retrace then down. lets see what happens!
Please support this analysis with your likes, follows, and comments.
Trade Away!
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