This pair last week started to put in a series of Higher lows and lower lows indicating a possible trend change or rotation. The blue and red arrows on the chart just indicate my entry points. The longer red arrows indicate my anticipation on this pair for the week ahead. I anticipate this pair to go lower and break the current DAILY OUTSIDE RETURN. The descending trendline
has been respected once, If price does rally into the the resistance level
and respects the descending trendline
, it would be safe to say the rest of the prediction may play out. If price breaks the descending trendline
, we may see a continuation of the previous uptrend.