The currency pair moves predictably in the downturn. For a long time, you can place a position basing mainly on designated lines. Now we also adopt such a rule and wait for the price to hit the designated level and react by giving a signal to enter a short position. We still have about a month to resolve the formation, which is getting narrower. Several scenarios are possible in the final phase. One of them is a strong low breakout on a large volume and a rebound changing the trend or consolidation in order to collect orders at the best price.
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2021-03-23