Hi Guys, I'm sure most of you are unfamiliar with this pair, however, this pair has some good price movement at play that could provide nice trading opportunities. We just had a bit of a sell-off for the past weeks as prices entered a strong weekly/monthly supply zone. This sell-off brings the price to a key daily demand zone of which the price is meant to cool...
Pattern: Channel Down with a long-term bullish Channel. Signal: Bearish as the MACD is on a negative cross. Target: 1.5500 (short-term) and the 1D MA200 (long-term). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Pattern: 1W Channel Down. Signal: Bearish as the RSI was 30.00 on each of the previous Lower Lows. Target: 1.48100 (1M Support).