The rate plunged and dropped much below the sliding parallel line (SL) of the descending pitchfork, but failed to stay there and has squeezed a little. Price continues to pressure the sliding line (SL), maybe will be better to stay away from this pair right now because we don’t have any trading opportunity. A buying opportunity could appear if the rate will retest the confluence area formed between the WL2 with the SL.


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