Description of Chart:
Opportunities on this pair seem to be few and far between, I am currently looking at this narrowing wedge on the daily chart. Currently it seems bearish and might break the lower yellow trend line. If you look at the 200MA and 50MA you will also see it is about to change direction, something that has not happened in a while. Could be a good flight to quality play if you are interested. Also take note of the MACD beginning to start its way down.
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Opportunities on this pair seem to be few and far between, I am currently looking at this narrowing wedge on the daily chart. Currently it seems bearish and might break the lower yellow trend line. If you look at the 200MA and 50MA you will also see it is about to change direction, something that has not happened in a while. Could be a good flight to quality play if you are interested. Also take note of the MACD beginning to start its way down.
Website: www.lukelehepuu.com
Take a look at my website, you can become a member or sign-up to my weekly newsletter.
*** To get my ideas immediately you can follow me ***
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