This pair is in a clear downtrend. I like the basing price action at support, usually a sign for strong breakout potential. Previous lows have been broken which could open the flood gates through Friday. I'll be selling at the break with SL above 20 SMA and following price action down after 1:1. Looking for 2:1 or higher. Cheers!
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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.