the Pair traded in a range the last couple weeks, however the pattern shows that the upside momentum is still corrective for a
downtrend continuation. 7-9-11 swings are related to A,B,C corrective phases in Elliott Wave Theory.
tomorrow is the US ELECTIONS results so we will definitely expect high volatility trading, thats why i prefer to put pending orders ( sell limit ) orders near 1.3270 level
to short the pair and probably target 1.2390 the monthly engulfing pattern target.
Good luck
downtrend continuation. 7-9-11 swings are related to A,B,C corrective phases in Elliott Wave Theory.
tomorrow is the US ELECTIONS results so we will definitely expect high volatility trading, thats why i prefer to put pending orders ( sell limit ) orders near 1.3270 level
to short the pair and probably target 1.2390 the monthly engulfing pattern target.
Good luck
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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.