Analysis on chart.
There is slight probability that this is the top for this pair, and a strong decline might start from here.
I'll be looking to enter short on a retracement if possible, or after a consolidation forms.
The invalidation level will be a new high, naturally.
Will update with my entry, for now, it's impossible to enter safely, unless you're already in (which I'm not).
Props to @sokow, @jangseohee, @AndyM, @NCoulb1 and @GcNaif, we've been analyzing this pair extensively together as of late.
Check out their charts.
Good luck,
Ivan.
There is slight probability that this is the top for this pair, and a strong decline might start from here.
I'll be looking to enter short on a retracement if possible, or after a consolidation forms.
The invalidation level will be a new high, naturally.
Will update with my entry, for now, it's impossible to enter safely, unless you're already in (which I'm not).
Props to @sokow, @jangseohee, @AndyM, @NCoulb1 and @GcNaif, we've been analyzing this pair extensively together as of late.
Check out their charts.
Good luck,
Ivan.
