Looking long term on this pair and personally the trade that I am in is bearish. This pair has again tested the monthly trend line and not broke it. This could be a false wick of buyers slowing down for a lower time frame retest but on the 4 HR analysis that I posted awhile ago the confluence was bearish as well there at least for 100 pips or so. If it breaks the trend line and bulls continue to take it I will re assess and shift bias.
This is an analysis not a signal. Trade at your own risk and use proper risk to reward.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.