I did point out yesterday that this pair could have come to the end of its recent very bullish run, as a result of the Closing Price Reversal Price Action Trade Setup, from the close of the trading session the previous day. Even though it didn't appear trade-able to me, Traders did jump into this setup hence pushed price lower, breaking the trend-line and hitting but failing to break support.in the process. As a result, my expectation is for price to rotate higher in the coming days, and if price fails to break above the recent previous high, we would be faced with a massive sell-off of the pair.
My Recommendation: Wait out this scenario
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