This pair consolidated as highlighted in a box on the left side of the chart, it then broke out and dropped sharply. After that if formed a bullish build up and came back to retest the broken zone three times failing to break above. After forming a triple top on 4h timeframe we expect the market to sell to atleast the tested zone below, which will be our take profit. This is not a trading signal but our personal opinion based on out technical analysis. Please share your views.
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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.