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Parallel channel expected break-down. Selling in pullback is best opportunity to grab profit on this pair. The projection is mentioned at the chat for future prediction.
----------------------------------------(Weekly view)---------------------------------
- Previous High 2.03533 (double top)
- Price is trading in still channel.
- Series of tails found on the value high with an excess.
- Tails with surged volume (its indicate U-turn)
Conclusion: highly prefer to trade in short selling side, therefore projected "falling wave" in the chart.