After a decline, the pair is retracing up to the identified level thereby forming an head and shoulder signifying a bearish impulsive move to the downside. Possible trades could be activated at the area indicated ' possible sell off'
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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.