HI Team
See my latest long-term analysis for this pair.
WE are just about to enter the mentioned short positions and should see ourselves slowly work down towards the marked levels.
My advice is to WAIT until you see rejection from the major level and 0.618 Fib, WAIT for an ascending break of descending short term trendline, and only then enter.
If we hit SL, it will be a bigger move so please do not re-enter.
Good luck and trade safe!
DrBear
See my latest long-term analysis for this pair.
WE are just about to enter the mentioned short positions and should see ourselves slowly work down towards the marked levels.
My advice is to WAIT until you see rejection from the major level and 0.618 Fib, WAIT for an ascending break of descending short term trendline, and only then enter.
If we hit SL, it will be a bigger move so please do not re-enter.
Good luck and trade safe!
DrBear
