Idea to take Short Position since the pair is rejected from Horizontal Resistance as well as Ascending Parallel Channel resistance (Confluence point). There is currently strong bearish candles so most likely it is going to retrace up to 23.6 fib level initially and if the trend continues then second target will be the base line of ascending parallel channel.
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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.