Price is in motion of completing a diagonal triangle with divergence also on our oscillator. Price might rally to the 1.72118 level; the invalidation level is 1.69166. NB: The break of the falling trend-line will serve as confirmation.
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Please note that the above perspective is our view on the market. We do not take any responsibility for your own decisions.
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Made a mistake in our description. We meant Long not "Short".
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Waiting on price to reach the confirmation level in the 1hr timeframe.