Hello fellas. This pair is currently on its way out of the five month long consolidation period. Long term bias is bearish. The only thing I will wait for now is a break and close below the support line, followed by a pullback in case its a fake breakout. If it still holds i will short this pair.
I'm expecting a big drop if it breaks, lets start the waiting game!
- Long term bearish bias
- Below 200 SMA on higher time frames
- Breakout from consolidation often gives a massive drop.
Cheers!
I'm expecting a big drop if it breaks, lets start the waiting game!
- Long term bearish bias
- Below 200 SMA on higher time frames
- Breakout from consolidation often gives a massive drop.
Cheers!
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Shorts gets added tonight