After being in a bearish trend range, we can safley see rejection of higher prices.
Anticipating a test of last weeks highs before furhter bearish price action which could see further weakness with the bears being in control of the market in the begining of October.
I have gone for a retracement entry technique and a positive move could see a nice 1:4 risk to reward on this if we see bearish pressure to pass support.
Best of luck on the charts.
Anticipating a test of last weeks highs before furhter bearish price action which could see further weakness with the bears being in control of the market in the begining of October.
I have gone for a retracement entry technique and a positive move could see a nice 1:4 risk to reward on this if we see bearish pressure to pass support.
Best of luck on the charts.
Order cancelled:
Well this was a missed train. It looks like there was no retest of last weeks higher prices and now the bears are fully in control of taking the market lower.
I would only look at this pair now if it were to break the recent bearish trend channel.
I would only look at this pair now if it were to break the recent bearish trend channel.