Not only price managed to break above long term bearish daily channel but also seems like price completed a reverse head & shoulder pattern by breaking above the neckline as you can see in the chart.
As a result we can expect to have a bullish continuation move at least towards the bearish trendline on red.
Pull back to the broken neckline would be most favorable setup to go long in this pair.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
As a result we can expect to have a bullish continuation move at least towards the bearish trendline on red.
Pull back to the broken neckline would be most favorable setup to go long in this pair.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Transaction en cours
in a past few days price been consolidating in a corrective manner which suggest price could continue moving higher towards our target.Note
This bearish move could be considered as a pullback towards the neckline of inverted head & shoulder pattern.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.