After a period of consolidation into what we refer to as a symmetrical triangle, price broke out on the downside.
This is a clear and good indication of bear power coming into the market. We closely monitor this pair to see how long this price waterfall will last and key areas to join in the move
Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.