The overall bullish structure of the pair is bullish as we can see the bullish flag pattern on 4HTF with a preceding high momentum (impulsive) move.
In between this 4HTF pattern there's a formation of a double Top.
And currently price is moving with a momentum. I'm anticipating that price will go into a correction phase (information of a continuation pattern). Therefore we see a short-term sell on this before the major move.
In between this 4HTF pattern there's a formation of a double Top.
And currently price is moving with a momentum. I'm anticipating that price will go into a correction phase (information of a continuation pattern). Therefore we see a short-term sell on this before the major move.