I have been watching this pair for a while and waiting for the bullish move that I expect to take place. There have been two corrective structures, marked in orange, which have formed a collectively larger corrective structure where the end of wave 3 is at the low. I am not going to go into detail explaining the larger structure here.
It still remains a bullish formation and I expect to see the current smaller structure break to the upside, after which we should see the completion of the daily move as well.
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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.