I have been monitoring this pair for a couple of days and we can see a clear Falling Wedge formation on the daily which is a bullish reversal pattern. We will be waiting for a clear breakout of this pattern with an engulfing candle. I will keep a key eye on this and share the breakout with everyone if price action goes towards this bias.
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.