This looks like a solid trend continuation trade to me, one because the pair has had some solid bearish momentum, and secondly because the .382 is a strong resistance back in September where the pair touched this area three times with solid reversal at every one. The .382 usually indicates trend continuation and in this case it's no different. I could be wrong BUT this has some good potential....
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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.