The counter is in a short-term bear cycle.
It has completed its waves 1 and 2 and currently constructing its wave 3.
It has also broken a critical price action support level & re-tested it.
Hence we expect the pair to be bearish for the short term.
It has completed its waves 1 and 2 and currently constructing its wave 3.
It has also broken a critical price action support level & re-tested it.
Hence we expect the pair to be bearish for the short term.
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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.