We are looking for a similar move on a break below this new blue up on the hourly chart, however we will need to see confluence from our price action forecasting algorithm predicting a move to the downside with a chance performance prediction rate of at least 85%. Currently our algorithm is predicting continued movement to the upside with a chance performance prediction of 83%, but we will continue to monitor price action and our algorithm updates to see if we get a shorting opportunity on this pair.
Please see the link below for an image of our algorithm's forecast for this pair:
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