The counter is currently in a pullback mode after a steep fall.
The correction has ended with the formation of a head and shoulder pattern.
The price action has broken the neckline and is currently consolidating just below it.
Hence, we expect the pair to be bearish in the near-term.
The correction has ended with the formation of a head and shoulder pattern.
The price action has broken the neckline and is currently consolidating just below it.
Hence, we expect the pair to be bearish in the near-term.