The counter is currently in an ABC correction mode.
It has completed wave B and is sliding down with low momentum.
Further, the entire formation could be interpreted as a bearish flag formation.
Hence, we expect the pair to bearish in the short-term and complete wave C.
AudChf found a clear top in 0.67 zone and after an initial drop to 0.66 the pair confirmed yesterday 0.67 as strong resistance and a steep drop fallowed.
My initial 0.66 target was reached and now the pair is correcting this first leg down.
In my opinion, rallies should be sold for a break of 0.66, which will also confirm that we have a double top in place.
Please fill the lines..!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Decide your target, manage your risk..!
Turn off your PC..! Let your choice running..!
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