On the H4 time-frame, we have noted that the pair has reached its channel resistance. The pair has been ranging in this channel for sometime and does not show very strong signs of breaking out. However, breaking to the up side is plausible but my bias is on shorting the pair until we get to our intended target
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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.