Hello fellas. This pair is currently on its way out of the five month long consolidation period. Long term bias is bearish. The only thing I will wait for now is a break and close below the support line, followed by a pullback in case its a fake breakout. If it still holds i will short this pair.
I'm expecting a big drop if it breaks, lets start the waiting game!
- Long term bearish bias - Below 200 SMA on higher time frames - Breakout from consolidation often gives a massive drop.
Cheers!
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Shorts gets added tonight
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Piet.Hein
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breakout happening! ;) Are you already on the trade or will wait for a pullback?
AndreVanBui
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Got in today at test of new resistance. :)
Piet.Hein
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congrats, today is forming a nice pin bar on daily charts, maybe I enter the trade too, good luck :)