Interesting setup in this pair and based on what I see, I tend to favor the upside. I really like the combination of that broken (and re-tested) trendline + a possible triangle. For bullish setup to gain momentum first we need is a solid breakout from that triangle.
How far higher?. I tend to favor more visible targets in this pair and for me the last consolidation area looks very promising. Time will tell, if this one proves to be right.
How far higher?. I tend to favor more visible targets in this pair and for me the last consolidation area looks very promising. Time will tell, if this one proves to be right.