Overall trend is bullish but looks like the pair is ready for a heavy pullback and then back up!
78.6% Fib
Confluences : 1. W pattern last leg squeeze 2. Tapped 61.8 on Fib and now coming back to test 50% Fib and then we fly up.
Bullish bias
Bullish
And finally looks like the set up is ready...Break of a strong down TL and a possible H&S on 4H chart.
The pair is already in a strong downtrend and on lower volume going towards the North. Just wait for the ascending TL to break and then go short till the next crucial support zone of 0.71500.
