Long term bearish trend, with a recoil. A possible double top on the 4HR depending on price's reaction at the 0.73688 level. Could break to the 50% retracement level @ 0.7500 up to 0.7600 at the 61.8% level.
If price holds here at 0.73688 we could see it move back to the B level of the ABCD @ 0.7020...
Only time will tell
If price holds here at 0.73688 we could see it move back to the B level of the ABCD @ 0.7020...
Only time will tell
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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.