For this pair, since it has broken out of the soe range, we expect the price to move out of a stronger range called the mpl. Personally, I would wait for the price to reach this range and then enter a buy trade.
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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.