In terms of trading opportunities, it makes sense from now on to look for trading opportunities to the upside, as it now has become certain that the pair need to complete one more major movement to the upside on the daily, before going for the bigger and longer downward impulse to the downside on the weekly. Updates on smaller timeframes will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
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