This pair is currently in a very strong downtrend. The previous weekly candle closed with a bearish engulfing candle breaking a strong support level. Yesterdays daily chart has closed with a bearish rejection of previous support now resistance. I will be looking for a more precise entry on the 4 hour chart
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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.