If the pair closes above the pennant formation, will be a good buy opportunity. This pair is currently in the process of forming a c-wave that could extend up to 500 pips. Good luck out there.
Note
After c-wave completes, a significant trend reversal is expected. A conservative estimate of 1000+ pips could be seen here.
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.