Looking at this pair a big short engulfing candle is forming on the daily and can only be confirmed by end of day.
Traders will be looking a entering today or waiting on Monday to see what happens.
Beside the Engulfing short candle that is forming we see on the 3/6 ema we have a down trend forming with the zone as support for a sell and on the daily its looking like the 3/6 ema will cross around Monday or Tuesday.
Traders will be looking a entering today or waiting on Monday to see what happens.
Beside the Engulfing short candle that is forming we see on the 3/6 ema we have a down trend forming with the zone as support for a sell and on the daily its looking like the 3/6 ema will cross around Monday or Tuesday.