Bearish Monthly Chart
After noticing that both the weekly and daily are both in oversold condition, having people to think it's a time to buy even though we've seen a continuation to the down side.
If we were to take into perspective of a monthly chart we can see that we haven't got into a buy position, so all this time it's been bearish in nature.
I do have to admit there will be buy opportunities, but very risky being that you'll be buying in a correction structure which is very unpredictable until the structure is almost complete.
We could be seeing levels as low as 1.7200 in the next few months.
Happy Hunting.
If we were to take into perspective of a monthly chart we can see that we haven't got into a buy position, so all this time it's been bearish in nature.
I do have to admit there will be buy opportunities, but very risky being that you'll be buying in a correction structure which is very unpredictable until the structure is almost complete.
We could be seeing levels as low as 1.7200 in the next few months.
Happy Hunting.
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