OK, Maryna, you were right. Let’s dump the Beast!! 😉
This pair is already dropped from Daily & Weekly Cloud. No reason to be Bull for a while.
Let’s sell this pair.
The current level seems to be very interesting. Stochastic is already in the down cycle, and the price seems to be blocked by DPP.
On M15 chart, I see Bearish Divergence on Stochastic. Thus it may make sense to short from Fib50% or 61.8%.
We should simply check either M5 or M1 chart for reversal pattern.
The target? 176.00 ish? (Prev low on Weekly chart)
Again Maryna, your target makes sense!! Good call.
YJ Baik – Forex.Today @ Tokyo