This pair has formed a bear flag on daily time frame(Blue solid lines on the chart). Price is now siting on bear flags support line as well as on structure lows. No extended targets as bias is still bearish.
Descending Channel
Structure lows
Bearflag support
RSI Divergence
Descending Channel
Structure lows
Bearflag support
RSI Divergence
Trade closed: target reached
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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.