The currency has been declining for a year, and all of this decline is planned on the monthly time frame. All this historical decline is inside a bullish monthly candle. It is expected that the price will return to test the bottom of the monthly bullish candle, including buyers and the market maker. It will appear again to rise to the top of the candle.
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Disclaimer
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.