After completing a 5-wave bull cycle, the counter is currently in a corrective ABC wave.
It has completed its waves A and B and is currently at the brink of wave C.
Further, it breaks the critical price action support 1.07935.
Hence, we expect the pair to be bearish in the short-term.
It has completed its waves A and B and is currently at the brink of wave C.
Further, it breaks the critical price action support 1.07935.
Hence, we expect the pair to be bearish in the short-term.
Trade closed: target reached
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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.