as everyone are universally shorting this pair i think this and following charts in comments should be considered just as precaution....
this looks as running flat correction by the school book. all tho they are hard to predict and very tricky. but here we have 3-5-5 and last structure is ending diagonal, cose (d) retraced .618 and touched and entered deeper in (a) structure. so i wonder if its ending the correction and its gonna go significantly up, cose on smaller time frame it also have motive as in comments chart...
dont hesitate to discuss...
this looks as running flat correction by the school book. all tho they are hard to predict and very tricky. but here we have 3-5-5 and last structure is ending diagonal, cose (d) retraced .618 and touched and entered deeper in (a) structure. so i wonder if its ending the correction and its gonna go significantly up, cose on smaller time frame it also have motive as in comments chart...
dont hesitate to discuss...
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