This pair testing a confluence zone. The recent push induced by the WL1 may or may not pass this test. As with the monthly and weekly analyses, my bias is bearish, but this leaves this possibility open that the bearish move can continue in the second warning zone, that is, between WL1 and WL2, or even farther from the main body of the pitchfork drawn in the chart. It now seems that it's still the bears' turn, but the change is imminent, and I will not get into the train until the bulls finish their move.
Comment:
I said I would not get into the train before the bulls finish their move. Now it seems they haven't even started their move. What to say! Better not to be in a good trade than to be in a bad one. It now seems that the correction to this free fall will be tradable. ML touch is expected.
