Echflooks like it will continue to make further correction upward. It has a bearish classic bat pattern on 4 hr right now. Be nice to catch it off a flag or a pull back. It is in a downtrend, but we look to be in correction of a 5 wave which I would expect a larger move up.
Note
see? perfect analysis, did exactly what I said!, oh wait, no... The complete opposite. In my defense, it never confirmed anything or gave a reasonable trade entry...can still go up, but now we are talking about a more complicated pattern and obviously in a downtrend. Much better pairs out there to trade.
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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.