The currency is showing a strong downward trend. Based on initial data, we are currently in a 5-wave pattern. We have two scenarios: either we are in wave 5 of a larger structure, or we are currently in zone C of the WXYXZ correction. We are monitoring the data, and if there is a price reaction below, we will enter a buy position after a breakout of wave 4 of the current pattern.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.