A Descending Triangle may mean a big move is coming. Here we can see that the support level is holding strong and keeping the bears from breaking through to lower lows. In this scenarios PA should continue with the lower trend however, it comes to the strength of the support which to date has held well and in my opinion will be able to resists further lows and push the price back up unless there are significant news events which affect it otherwise. This maybe another 70 Pip movement once the direction is determined.
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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.