This pair is in long Uptrend channel from mid-2018... The spike that happened in second half of the year mostly because of Fundamental reasons didn't change the main slow uptrend... After the spike (Aug18 to Oct18) we came step by step back to main trendline which we follow now ... Only possible change of trend could happen if the brake down under trendline (outside of the channel) with confirmation happens ... at the moment the main support is in 5.20-5.23 - until this area is not broken, we buy bits when we are close to this support area ... as always, this is just a personal analysis/idea, not a signal or trading ... good luck everyone
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Funny enough, I got out of trade month ago, but is still relevant :D