The counter has made a bullish breakout from the consolidation.
It is now taking support and broken resistance, which is a powerful sign.
Further, the consolidation can be interpreted as wave 4 and it is gonna make a move to wave 5.
Hence, we expect the pair to be bullish in the near-term.
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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.