Hi there people,
There is a clear hidden bearish divergence on weekly chart and monthly seems quite bearish as well. However on D1 and H4 there is a nice S&D zone which is likely to be tested before it moves further downward. So it sounds like a counter trend move but a move towards the highlighted zone bulls may have a chance to push price further up.
Lets see how it will play out. ..
There is a clear hidden bearish divergence on weekly chart and monthly seems quite bearish as well. However on D1 and H4 there is a nice S&D zone which is likely to be tested before it moves further downward. So it sounds like a counter trend move but a move towards the highlighted zone bulls may have a chance to push price further up.
Lets see how it will play out. ..