There was a false break out to the upside, that was silenced by USD strength.
Currently this pair is now trading beneath both trendlines, which i have removed from this chart to prevent over crowding. The 4hr bullish trendline is still showing, with the pair now trading below it.
The pairs is printing lower highs, and the sellers are in control.
Given the fundamentals from NAFTA and re-negotiating the trade war tensions with china, this pair has a great setup.
The recent low of 0.65 will be monitored for scaling back or scaling more into the position.
Currently this pair is now trading beneath both trendlines, which i have removed from this chart to prevent over crowding. The 4hr bullish trendline is still showing, with the pair now trading below it.
The pairs is printing lower highs, and the sellers are in control.
Given the fundamentals from NAFTA and re-negotiating the trade war tensions with china, this pair has a great setup.
The recent low of 0.65 will be monitored for scaling back or scaling more into the position.