This pair has completed a 5 wave moved downwards and is now in a corrective structure. It is a possible a flat (3-3-5) stucture has completed which may give us a chance to go short on a break of the ascending counter trend line. Alternatively, we could see the price from point C and re test the back end of the trendline. Decent Bullish doji's are forming so I am fancying the later.
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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.