Analysing with Ichimoku clouds has given me the impression bearish sentiment is going to continue on this pair.
Strong sell signal from a bearish kumo twist and kumo breakout, labelled in the chart.
A TK death cross has also appeared following the kumo break out.
Recent low is at 1.28863. My fibonnaci level show price has violate the 50.0 mark and will continue to descend until 61.8.
Alligator indicator also show bearish sentiment
If Price violates 4H candle low, expect downtrend to strengthen and bearish kumo clouds to expand
Strong sell signal from a bearish kumo twist and kumo breakout, labelled in the chart.
A TK death cross has also appeared following the kumo break out.
Recent low is at 1.28863. My fibonnaci level show price has violate the 50.0 mark and will continue to descend until 61.8.
Alligator indicator also show bearish sentiment
If Price violates 4H candle low, expect downtrend to strengthen and bearish kumo clouds to expand