Carrying on from my look at this pair over the weekend there is another possible opportunity about to present itself for a short trade of a down sloping UMLP of the red Median Line set. More importantly the timing of this trade is indicated in the MetaTrader chart by the red reaction line in the Aqua/Blue upsloping ML set in the daily chart. Price has certainly run out of energy on this red UMLP and personally i am not waiting for price to touch the reaction line which i calculate is either today or tomorrow (Good Friday) but will be using a trade setup combining a pattern and indicators (which show regular and hidden bearish divergence in multiple timeframes for this currency pair).
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