The price is trading in a downward channel, short term upward movement is expected to happen before continuing the downtrend.
Overall the pair is still in uptrend, waiting for some retracement before entry.
The price has completed 5 wave of downward movement and buy volume has increased, theorotically it has shaken off seller and should be going up slowly in near future. Make sure to apply SL & TP.
Price bounce from major resistance and attempt to break upward trendline. Volume is entering the market.....lets see if the price will go our way.
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Price bounced from a cross trendline, with volume came in, i am expecting some short term upward movement in the future.
The price is trading in a slightly ascending channel. And oversold happened at lower timeframe, volume came in and lets hope the price to trade upward.
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