I am a bull on this pair.
We are currently at MM3 at the beginning of the month so bears are very excited and just waiting for confirmation of a move down. If you are a bull like me it would be better to just observe and get ready for the pullback to MPP or MM2, with a target of MM4 or MR2. I have tried to break down what could happen in the next couple of days and marking where bulls and bears would get in.
we can clearly see a double top has formed at resistance, but the EMA is still on its way up so maybe we see this range a bit then come falling down and thats exactly what i would like to see that way i get to buy low
H1 chart shows signs of bearishness, if you're a bull wait, if you're a bear then you're watching very closely.
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About The Forex Analyst
Graduate in Bcom Human Resources Management. I have been operating in the markets for almost 2 years and still learning everyday analysing the markets and taking trades when conditions are met. I am currently a student at the University of Johannesburg studying Finance and Investment Management, I am a full time trader and market analyst using technical analysis and fundamental analysis. Currently improving my skills as a professional and consistent trader, building a track record of success in the markets.