The long term direction of this pair is bearish. We have been trading the bearish flag for a while. It broke structure but the break was not convincing and is retesting previous structure levels. This is a good entry for low risk trades to the downside. Depending on your risk appetite, trade aggressive with entries now, or wait for a bearish impulse followed by a trend continuation pattern to the downsisde that breaks the bullish trend.
Disclaimer: This does not constitute financial advice and is merely my own opinion. Please trade your own plan.
Green trades
Disclaimer: This does not constitute financial advice and is merely my own opinion. Please trade your own plan.
Green trades