The pair is retesting a previous channel resistance. The MACD is showing bearish divergence, signaling the pair is ready to reverse, with intentions to retest the low.
Profit target #1 would be the most recent low. #2 would be the next recent low. If price is to fall all the way back to the 2020 lows, the move should take a few months. Estimated exit date: July
Profit target #1 would be the most recent low. #2 would be the next recent low. If price is to fall all the way back to the 2020 lows, the move should take a few months. Estimated exit date: July
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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.