I see 5 waves down followed by 3 waves up - a bearish sign for this pair. With a relatively tight trading range the last couple of days, the pair could be getting read for a move.
I am shorting below the low of the rectangle with a stop above wave 4 invalidation.
I am shorting below the low of the rectangle with a stop above wave 4 invalidation.
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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.