The counter is in a bearish mode making lower highs and lower lows consistently.
A trendline can also be drawn connecting the lower highs of the counter.
Also, it has broken out of a bearish flag pattern.
Hence we expect the pair to be bearish in the near term.
A trendline can also be drawn connecting the lower highs of the counter.
Also, it has broken out of a bearish flag pattern.
Hence we expect the pair to be bearish in the near term.
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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.