On the h1 chart, the price is placed inside a
bullish channel. As long as it fluctuates within the channel, the best to do is
bargain hunting on the low and or letting the bird to go on sky’s top. We are
expecting to have a trendy move by having the price off the box.
As shown on the chart below, there is an uptrend which price is going
along with on the H4 TF and currently it is moving within a congestion
area. Breaking 184.40 could open the way for it to go downward.
On the weekly TF, we are observing a reversal by having
the price hit the higher line of the channel. A drop is expected by the pair if
the condition goes well enough and increasing the supply across the market.
On the daily chart, by having the crab harmonic
pattern formed a reversal is in sight. If the situation continues, we will have
more drops coming in the market.
On the H4 chart a bearish divergence is observable. We can look for a
drop if the trend line have been broken below and the price stayed below that
around 180.90.
On
the daily chart, the price is bullish and at the same time a reversal on the
trend line is in sight by having the harmonic pattern being formed. As long as
the trend line is not broken below, a reversal may be seen by fueling up the
demand.