Bearish cypher near completion on this pair with good risk/reward profile. To support entry, as well as the pattern formation itself, we have strong structure resistance at 104.26, overbought RSI as well as divergence on the RSI showing bullish pressure easing off. Perhaps a good time for a change in direction.
Targets at 0.382 and 0.618.
Targets at 0.382 and 0.618.
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