Just like the EURUSD i think the bullish party for this pair is over.
Looking at monthly chart we see a big double top with strong bearish divergence:
On w1 chart we have a perfect bearish shark already complete.
Here on D1 chart:
- Channel duplication acting as resistance.
- RSI extremely overbought
- strong psycholevel 1.500 could not be taken
Use your own strategy to look for shorts.
Regards.
Looking at monthly chart we see a big double top with strong bearish divergence:
On w1 chart we have a perfect bearish shark already complete.
Here on D1 chart:
- Channel duplication acting as resistance.
- RSI extremely overbought
- strong psycholevel 1.500 could not be taken
Use your own strategy to look for shorts.
Regards.
