This pair has created a couple of lower higher right now, which is indicating a possible downtrend. If market keeps going lower, there might be a potential bullish Bat pattern completing and creating a buying opportunity. Plus, the Bat pattern is completing at previous structure looking left, giving a very nice risk reward. The RSI is showing a slight bullish divergence, nothing too crazy, but every hint counts.
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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.