As per the graph, we are bearish with this pair. We can see a clear break and retest of the ascending trend line. The pair then impulsed to the downside and has since created lower highs and lower lows. I would like to like to see a retest of the descending trend line and another lower high before entering a sell position.
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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.