I expect a pullback a this level and the downtrend to continue later.
Lets take a look at D1 chart, we have:
- 0.61 fib retracement and 1.61 fib extension (nice!!)
- 200 acting as support
- showing rejection
- continuum on
I prefer to trade this pair on H4 chart to best pinpoint entry and targets.
- wegde/ending diagonal
- 0.61 fib retracement
- candle pattern
- clear impulse and correction visible on H1 chart
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