Here is my bias, not advice. On the larger time frames (daily, weekly) I am BEARISH on this pair.
Here is the 4 hour chart and we are looking at a descending channel. Price has bounced beautifully within this channel which has given my conformation.
A bearish shark harmonic pattern has formed indicating a sell.
We also have a rising wedge and a break on the hourly with a retest ( I typically don't like using the hourly time frame because it doesn't give us any validation on price direction but it seems to be working okay here)
I believe we will see this pair retrace to $0.863 and if it breaks that price then it will head towards the .786 fibonacci level
Follow me on instagram, DM any questions or concerns
Joseph_Galluzzo
Best
Here is the 4 hour chart and we are looking at a descending channel. Price has bounced beautifully within this channel which has given my conformation.
A bearish shark harmonic pattern has formed indicating a sell.
We also have a rising wedge and a break on the hourly with a retest ( I typically don't like using the hourly time frame because it doesn't give us any validation on price direction but it seems to be working okay here)
I believe we will see this pair retrace to $0.863 and if it breaks that price then it will head towards the .786 fibonacci level
Follow me on instagram, DM any questions or concerns
Joseph_Galluzzo
Best
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