Elliott waves analysis – Wait.


Wave Analysis:

This pair is currently on a downtrend, previously the price rallied around the upper trendline but eventually bounced off from the corrective wave cycle four towards the lower trendline in continuation of the impulsive wave cycle five. Right now the price is rallying around the lower trendline, I expect a break below and a further bearish momentum. If you are currently looking at this pair, wait for a clear break below then pick a sell.

Trade Recommendations:


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