A short trade to rebound from the moving average with goals of 20%. Whether it will go higher or not is a big question, since the whole movement looks complete, since after the triangle it looks very similar to the fifth one that has already been formed. We are waiting for a decline down to 0.35 - to support.
There are chances to go up further. The 5th wave may be much larger, but this can be considered at a price above 1.35 - a non-core scenario
There are chances to go up further. The 5th wave may be much larger, but this can be considered at a price above 1.35 - a non-core scenario
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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.