This pair seems to be in a bearish momentum now. With the RSI showing a bearish divergence, if market rallies up, there's a Bat pattern waiting to be completed and a selling opportunity. Plus, the Bat pattern is completing at previous structure looking left. Also, this Bat pattern can be used as a trend continuation trade rather than a typical counter trend trade.
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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.