The pair was in bearish trend and printed a bullish divergence on RSI. An inverse Head and Shoulder was then formed and neckline was broken thus a HH was printed. Currently it has retraced and is likely to move upwards. Long positions may be looked for
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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.