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We're short

We're short | 13 February 2023

13 February 2023, EUR/USD

We're short

Since last week, EURUSD has been on an uptrend. The market has finished forming the V major waves and as we can see on the chart above, the market is currently moving to the downside in form of a corrective 3-wave pattern. From the chat above, we can see that the market formed an ascending channel from minor corrective wave a,(1.0670) to minor corrective wave b,(1.0787). The price has already broken out of this channel and it is currently dropping. I expect this pair to drop up to 1.0479. You can place a sell order now.

Trade Recommendations:

We're short

Bob Stan
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