Trade: Small Corrective Structure
Explanation: The pair has broken the falling wedge pattern and proceeded into a small CS. Currently it is consolidating in a tight zone and an LLT will be placed at the bottom of this CS for an anticipated push higher. HTF is showing a bullish trend, however momentum is subsiding.
Explanation: The pair has broken the falling wedge pattern and proceeded into a small CS. Currently it is consolidating in a tight zone and an LLT will be placed at the bottom of this CS for an anticipated push higher. HTF is showing a bullish trend, however momentum is subsiding.