This is my view of how this pair will behave after the corrective structure will be over. There is a high probability to go for another impulse down before it turns to the upside. Anyway, a clear sign must be awaited and only after it we can say that a confirmation was made and go short.
Remember: you should enter these type of trades only if you have an understanding of the wave structures that are developing. Do not try to pick tops or bottoms as I saw in case of many trade ideas published here, wait for a confirmation before you act!
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.