Upon analysising this pair again i realised there maybe a retracement occurring.
My analysis is only based of channels and fibonacci retracments aswell as Exponential Moving Averages
-Bulls are pushing the price up till the 50% line which is blue
-Price will reach a point on the blue line within the circle
-Once line has been hit or surpassed by a bit the bears will take over and push price back down
This is just my opinon so dont base your decision only of this as i am still a trader that is learning the markets and its movements.
My analysis is only based of channels and fibonacci retracments aswell as Exponential Moving Averages
-Bulls are pushing the price up till the 50% line which is blue
-Price will reach a point on the blue line within the circle
-Once line has been hit or surpassed by a bit the bears will take over and push price back down
This is just my opinon so dont base your decision only of this as i am still a trader that is learning the markets and its movements.