The pair here is building the classic Elliot wave pattern. The uptrend is over, now the wave is in the 7th stage. When the wave starts making lower lows in the smaller timeframe then a short position can be made with a very good target.
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.