The pair in this month has been ranging in between the supporting zone as well as the top linear level.
The Market had retested against the Top Linear Level in 3 occasions - which demonstrates that the linear level is a good resistant level in which a SELL can take place.
Current Market has reached the top linear level in recent days and has also demonstrated a possible loss in buying power with the Bears to possibly take over. This can be demonstrated further following on from the recent candle closure illustrating indecision after an impulse move which had taken place and had then been followed up by a strong Bearish Candlestick as of 2AM (UK TIME) - which could possibly suggest the possible rise of the SELLERS into the market.
ENTER NOW or wait for further Bearish confirmation.
The Market had retested against the Top Linear Level in 3 occasions - which demonstrates that the linear level is a good resistant level in which a SELL can take place.
Current Market has reached the top linear level in recent days and has also demonstrated a possible loss in buying power with the Bears to possibly take over. This can be demonstrated further following on from the recent candle closure illustrating indecision after an impulse move which had taken place and had then been followed up by a strong Bearish Candlestick as of 2AM (UK TIME) - which could possibly suggest the possible rise of the SELLERS into the market.
ENTER NOW or wait for further Bearish confirmation.