Price broke 8 month long ascending trendline, was retested and it seems that we are finally bearish on this pair.
On Weekly chart we can see STRONG bearish engulfing candle and if the week closes around this price it means that trend is changing.
We would be waiting for the retest of the resistance line at 134.45 and then enter short position with first target around 133.05 area, and second target all the way down at 131.3 area.
Good Luck!
On Weekly chart we can see STRONG bearish engulfing candle and if the week closes around this price it means that trend is changing.
We would be waiting for the retest of the resistance line at 134.45 and then enter short position with first target around 133.05 area, and second target all the way down at 131.3 area.
Good Luck!