The price has been falling like a needle last week due to the FOMC news, which gave the US dollar significant strength. We are now expecting the price to correct before continuing its further move to the downside. Looking at the higher timeframes, we can see some signs of a short-term reversal. Zooming in on the smaller timeframes, we can observe a possible move to the upside that could happen after the structure identified is broken and re-tested.
Feel absolutely free to share your thoughts and opinions in the comment section below
Feel absolutely free to share your thoughts and opinions in the comment section below
