Here we have the perfect example of head and shoulders pattern. It is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
The pattern has arrived in a key level, what gives it more veracity. Entry in the breakout could have been a good option, despite of this we are going to wait for a little pullback in 0.928 to make our entry.
The pattern has arrived in a key level, what gives it more veracity. Entry in the breakout could have been a good option, despite of this we are going to wait for a little pullback in 0.928 to make our entry.