Good Day Traders !! On this pair we do have an opportunity for a short setup that is happening and we would like to see the price drop to the neckline of the W formation that we spotted on the 8H timeframe. We also had a bearish flag that was broken and then we retested the trendline and strongly rejected it.
The environment is still bearish and we expect the price to drop even lower than the previous impulse.
From a fundamental Perspective we have an important day tomorrow for the United states , so we might have the impulse that we are expecting and then complete the pattern.
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset.
Trade safe !!!
The environment is still bearish and we expect the price to drop even lower than the previous impulse.
From a fundamental Perspective we have an important day tomorrow for the United states , so we might have the impulse that we are expecting and then complete the pattern.
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset.
Trade safe !!!
