The pair traded up to the highs to the 61.8 Fibonacci retracement, where there was a compelling bearish engulfing signal showing bears confirmed the correction level. There is also strong Stochastic bearish divergence suggesting there could be some velocity behind this move. I hope you have a tested trading strategy to trade this move when it starts
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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.