This previous week has been super bullish for this pair but considering the structure level price action is at we notice a major resitance and supply area confluencing with a 61.8% retracement of the main previous high and a bearish harmonic crab pattern with a potential reverse zone at its 161.8% fib level. We use the PRZ as the entry to short this pair. We anticipate bearish momentum.
Trade active:
First Take profit hit
Trade active:
Take profit 2 hit