We see a channel breakout and a bearish engulfing candle. We also see a retest and rejection from the resistance level. Lastly, we see a similar pattern and how the market went down in the circled area.
All these indicate that the price will continue to go down to the demand level giving us at least 200 pips on this pair.
Like and follow me to support.
All these indicate that the price will continue to go down to the demand level giving us at least 200 pips on this pair.
Like and follow me to support.
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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.