Hey traders, looking at a couple of speculative triangles for this pair. Although there are a lot of uncertainties at the moment on price action, we do know that this is corrective structure and thus a harmonic pattern like the cypher is an opportunity to take a long position toward further correction. More updates to come as the tide rolls and reveal wave structure. Happy trading!
Trade closed: stop reached:
I'm big time bearish on this pair with huge downside targets. The drop occurred faster than anticipated! I won't be taking any long positions, just waiting for another great short opportunity. Cheers