If you saw my previous analysis of this pair, I went short on this from the recent rejection of weekly resistance (purple). Price has now come to support (purple) and has tested this 4hr area (yellow). Waiting on price to drive lower towards weekly support so I can go long but the setup at the moment is bearish.
short term bias of trade is bearish but long term bias is 100% bullish if price drives lower from 4hr resistance zone (yellow).
short term bias of trade is bearish but long term bias is 100% bullish if price drives lower from 4hr resistance zone (yellow).