Hello Traders, This is my Analysis on this Pair. On the Monthly Timeframe, Price is Respecting a Bearish Pennant! From a Weekly Perspective, Price has been bearish for some weeks and we can see a clear bearish Price action on our Daily Timeframe as Price keeps creating Lower Lows and Lower Highs.
NOTE> There are Strong Levels of Demand Up Ahead for the Bears and I expect Bullish Reactions soon, However, We will be Monitoring Price Action for Clear Bearish Setups on the H4.
NOTE> There are Strong Levels of Demand Up Ahead for the Bears and I expect Bullish Reactions soon, However, We will be Monitoring Price Action for Clear Bearish Setups on the H4.
