Hello, some days ago i published a long term analysis expecting a big decline on this pair.
That analysis is still valid, price didnt get to my prefered area but everything is pointing at the big decline has already started.
Right now we have a possible entry point because price broke the trendline support and is testing it.
If this setups works targets shown on chart are possible, based on other weekly long term analysis.
Regards.
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectful and constructive ideas are welcome (agree or disagree).
We all are here to learn sharing ideas, have fun and improve our performance.
That analysis is still valid, price didnt get to my prefered area but everything is pointing at the big decline has already started.
Right now we have a possible entry point because price broke the trendline support and is testing it.
If this setups works targets shown on chart are possible, based on other weekly long term analysis.
Regards.
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectful and constructive ideas are welcome (agree or disagree).
We all are here to learn sharing ideas, have fun and improve our performance.