On this pair, there are 2 potential harmonic patterns : the bear Cypher pattern and the bull Gartley pattern. If you look at the chart, you'd notice that there are multiple lower highs that suggests that market might go lower, so the bear Cypher pattern would be a great selling opportunity. However, if market decides to go lower without triggering the bear Cypher pattern, there will be a bull Gartley pattern waiting to be completed and having a buying opportunity.
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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.