What we can expect to happen on this upcoming trade is for the pair to reach this bearish trendline that broke out last week and on the retest of this we can expect price to start pulling back up.
This along with the stochastic starting to become oversold shows us that we should see some upward momentum. We have already taken a nice profit on the sell of this pair and now we are just waiting for the next trade to present itself.
This along with the stochastic starting to become oversold shows us that we should see some upward momentum. We have already taken a nice profit on the sell of this pair and now we are just waiting for the next trade to present itself.