The pair has finally broken the corrective channel. I expect it to go as low as the long term trendline where we might see a double bottom or break through it and keep going lower. The price action Im expecting is something like on the below 4H chart. We are also seeing a H&S formation on 4H so the price might just continue lower for a bit before it makes a small correction.
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Still on watchlist. No entry trigger for me
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No trigger entry for me. Pair is now out of my watchlist