One of the scenarious for this pair is to go down a bit and then to attempt to rise as high as possible up to the trendline.
If you are planning to open long positions, wait for a deeper retracement (some of you may even attempt to sell).
After that ready the gun to strike up.
If you are planning to open long positions, wait for a deeper retracement (some of you may even attempt to sell).
After that ready the gun to strike up.
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There is a chance the terminal pattern in wave C position is being formed which might move the pair significantly down.