Welcome to 2020 :)
We may derive the following from the Weekly CFR chart:
1. Price remains bearish imo - as currently seen by the rejection at the yellow box.
2. It is possible, that once the correction wave breaks, the main downtrend will continue.
3. Wait for an opportunity to present itself. And as always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
We may derive the following from the Weekly CFR chart:
1. Price remains bearish imo - as currently seen by the rejection at the yellow box.
2. It is possible, that once the correction wave breaks, the main downtrend will continue.
3. Wait for an opportunity to present itself. And as always - maintain your risk.
Note: The views provided herein do not constitute financial advice.