Currency pair is trending in a bearish direction with series of LHs and LLs. Recently it has made a bearish continuation pattern - A Bearish Flag. Breaking below the flag will indicate continuation of bearish trend and short positions may be opened.
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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.