Hello everyone we have multiple reasons to short this pair. On an hourly timeframe price has formed a cypher pattern, we also have a divergence on the macd. Price seems to have broken a channel and break of the flag to the downside should confirm the trend
We also have another harmonic pattern and a divergence on the 4hour timeframe
Looking in terms of the structure, we have a very big structure and targets are anywhere from 38.2 to 127 extension
Again a very long term setup
Looking in terms of the structure, we have a very big structure and targets are anywhere from 38.2 to 127 extension
Komen:
