This cross is in a down trend.
Chart below:
Price has pulled back and has formed a triple top formation.
Chart below:
Price has now broken down through the averages, made a lower low and I am looking for a short position as detailed below.
Levels and Chart below:
1st Entry: 0.9560
2nd Entry: 0.9580
Averaged Entry: 0.9570
Stop Loss: 0.9605
1st Target: 0.9395 (5%)
2nd Target: 0.9170 (11.4%) Previous low
I will update again should the position be opened.
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