one will not be convinced that this pair is just entering in bearish rally unless he/she takes a look at 1D TF where the trend simply follows the DOW theory and it has marked its LH and also got rejected from Fib .50 golden pocket and now it is going downwards its LL. These are some confluences that hint that decent bearish movement can be seen on 1HR TF.
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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.