So with this pair we are now making lower highs and lower lows.
Weekly Fibonacci has bounced from the 61.8% level.
Moving averages on all time frames are now bearish.
I am now expecting further downside movement to 131.00.
On the H4 timeframe we have a breakout retest continuation on 133.00 (which was a previous target from the ascending trend line 2nd touch).
Now waiting for the H4 CTL to break and then will execute a short position to 131.00.
Weekly Fibonacci has bounced from the 61.8% level.
Moving averages on all time frames are now bearish.
I am now expecting further downside movement to 131.00.
On the H4 timeframe we have a breakout retest continuation on 133.00 (which was a previous target from the ascending trend line 2nd touch).
Now waiting for the H4 CTL to break and then will execute a short position to 131.00.