On daily frame we notice a harmonic bearish pattern formed with both points X and D forming also a downtrend that is being respected still so far. on a broader aspect (long term) we see the pair bearish but it could take couple months.
As of now, trading below it keeps the momentum bearish too. catching a reversal pattern will be ideal to enter a short position from these levels.
As of now, trading below it keeps the momentum bearish too. catching a reversal pattern will be ideal to enter a short position from these levels.
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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.