After a strong up move, the counter is poised for a profit booking rally.
The rising wedge pattern formed during the up rally has broken down.
Hence, we expect the pair to be bearish in the near-term.
The rising wedge pattern formed during the up rally has broken down.
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.