with the pair breaching the previous weekly structure and now consolidating in a 4 hr channel provides an excellent opportunity to short the breakout which would come pretty soon, although the initial target aimed here is lower the downside breakout will have the potential for a much larger move later on.
Note
Target approaching.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.