Dear Traders, this is a screenshot of my Analysis on this Pair. ( Previous Analysis Linked below )
On the Monthly Timeframe, we have a retracement after a strong bullish Impulse
On the Weekly Timeframe, Price has been bearish for the last couple of Weeks.
On the Daily Timeframe, Price is testing a level of Demand.
From these facts, I expect price to Either reverse at this point, or we could see more bearish moves. However, I will be monitoring Price Action inside this Supply and Demand Zone.
If we get a bullish breakout, then I will be looking out for Long Opportunities.
If we get a bearish breakout, then I will be looking out for Short Opportunities.
On the Monthly Timeframe, we have a retracement after a strong bullish Impulse
On the Weekly Timeframe, Price has been bearish for the last couple of Weeks.
On the Daily Timeframe, Price is testing a level of Demand.
From these facts, I expect price to Either reverse at this point, or we could see more bearish moves. However, I will be monitoring Price Action inside this Supply and Demand Zone.
If we get a bullish breakout, then I will be looking out for Long Opportunities.
If we get a bearish breakout, then I will be looking out for Short Opportunities.
