Hi Traders, as we have shown in our previous analysis (see below), this technical rebound was expected, and it could still be interesting to follow this pair in the short term. Looking intraday chart, we can think of a development potential bullish HEAD AND SHOULDERS, at the moment this is just an idea, and needs to be supported by other models, but the expectations of this swing could give us some trading opportunities in short term. If our projection will be correct, a potential bullish setup will have more chances of success, and this means that it will most likely be possible to find a setup with a good risk/return ratio (=/> 1:3). In conclusion, we will follow the pair and the potential swing expected and if there are conditions, we will try to take a long position.
OUR ANALYSIS
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