This pair is currently within an expanding channel. Now, after a bearish push which started last June 12, 2020, price has corrected and formed a rising wedge pattern. Expecting a reversal from the 78.60% fibonacci retracement level. A bearish candlestick reversal would be a good signal for the completion of wave E.
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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.