The larger market structure is bearish with intentions of breaking a key support level. Once broken we will take a wait and see approach as the pair looks to give reversal/pullback indications. The target profit area is the fresh order block (in green) before continuing with the bearish move.
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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.