We have just broken a resistance zone on the daily and lower timeframes, we should expect a retest before we reject / break the previous lower high (black box).
Some high impact news out for this pair Thursday, not too familiar with this pair but should the news coincide with the PA over the beginning of the week ahead, I would expect this sort of move to come through.
Sells within the black zone above seem ideal though I would wait for confirmation of another lower high to continue the move downwards.
Some high impact news out for this pair Thursday, not too familiar with this pair but should the news coincide with the PA over the beginning of the week ahead, I would expect this sort of move to come through.
Sells within the black zone above seem ideal though I would wait for confirmation of another lower high to continue the move downwards.