The counter is currently forming an ABC correction.
Further, it is forming wave B in the form of a bearish flag pattern.
In the short-term charts, the price has formed a head and shoulder pattern at the upper parallel.
Hence, we expect the pair to be bearish in the near-term.
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.
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.