The bear flag forming and it is getting close to dropping below the 100 MA with the 20 MA getting on board for the cross
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A possible retest ?
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Looks like the pair just made a new LH with the recent retest of the lower channel of support.
A close below the MA's and the recent low with a retest of that recent low should do it for a trade entry.
That would be a plan, lets see how this plays out.
A close below the MA's and the recent low with a retest of that recent low should do it for a trade entry.
That would be a plan, lets see how this plays out.
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Not today anyway. But if it holds the day at the long term trendline, it could be forming a double top. So next week could be a move lower.