Probably a major trend reversal the rsi is forecasting a breakout as price is pushing towards the 50 line as price is within a historical falling wedge. As the reversal is seen with sellers breaking the bottom of a bear channel retracing the move . As the breaking of a bearish of channel in a downtrend is one of our reversal signals within our strategies, showing rejection of lower prices the proof of such is further seen with the as price is now pressing against the top of the wedge. . Locally monthly weekly n daily we are in a rising triangle within a downtrend with a bullish break of the resistance agreeing with all we see here. We are talking 20k pips here. With a positive interest rate on the pair it’s one of the only pair that give profits to hold. But this is a best kept secret for the selective readers as a gift . We are already in huge profits here as we brought the monthly back in January 2022 and holding. The next best entry I think will be this coming week or next depending if price bounce around within the local ascending triangle and it’s possible it can retest the support but we doubt that therefore only bullish setups should be taking on this pair and bearish moves are done to manipulate traders to go against the macro which will only give liquidity to go higher as all highertime frames agree with a bullish forecasting including indications ,psychology, and patterns. And it couldn’t be a better time to reversal as global events viruses war economic crashes etc all these things are hand crafted and scheduled for a hidden agenda of their evolution so just like many other pairs a breakout of this pair is inevitable! It’s all about what can you do! Not a damn thing so at least make money to better prepare for it
