This pair is on a weekly and daily downtrend. Currently rejecting the major zone that was previously broke in October 2019. This could break through and retest towards the daily downtrend.
Or, option 2, we reject the 4H TF and create a double bottom.
This is also at our oversold area with RSI - Indicating a push to the upside.
Or, option 2, we reject the 4H TF and create a double bottom.
This is also at our oversold area with RSI - Indicating a push to the upside.
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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.