The counter is currently in a descending channel pattern.
It formed a wedge at the top end of the range and has made a bearish breakout.
Hence, we expect the pair to move down to the bottom end of the range.
It formed a wedge at the top end of the range and has made a bearish breakout.
Hence, we expect the pair to move down to the bottom end of the range.
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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.