here we have a really interesting thing happening here for this pair. Market structure has been broken. It looks like we are now on our way to test new lows. There is clear rejection here and the bears have started to take over, but another way of looking at this is the descending triangle that you can see here too. We may hit around 0.91000 and have another burst to the upside if we are going by this outlook.
Overall there are two ways of looking at this set up. We look to run 2 Positions here but will limit our target to 0.91000.
Overall there are two ways of looking at this set up. We look to run 2 Positions here but will limit our target to 0.91000.
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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.