As you can see above price is stepping down nicely and respecting structure whilst doing it. This pair has recently broken the respected ascending trend line marked, we could now see a potential pullback before a continued sell-off as illustrated.
According to COT data source - 47% short
According to COT data source - 47% short
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Related publications
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.