This pair looks like it is running out of selling power, especially now that we have reached a key structural level. When all the market can identify sells there will no longer be sells and that is why I am looking for buying options. I have marked out two potential options for this pair.
1. We either break the structure marked and wait for a structural shift on the lower timeframes to get involved.
2. We wait for market makers to drive the price lower to gain the last bit of liquidity at the support marked before we start seeing buying pressure.
1. We either break the structure marked and wait for a structural shift on the lower timeframes to get involved.
2. We wait for market makers to drive the price lower to gain the last bit of liquidity at the support marked before we start seeing buying pressure.
