This pair has seen some large movements over the past two months, price has come down to the neutral zone between the 50SMA and the 200SMA and has held on the 50 FIB, the cross over of the moving averages is signaling a possible trend change. I see the pair as forming a higher low and a move up from here is on the cards. we could possibly see a test of the 200SMA first before the break upwards.
In short, this pair is almost ready for a LONG
In short, this pair is almost ready for a LONG
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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.