H&S Watch for ADABTC with Consideration of USD Indicators
I generally don't put much weight on head and shoulder patterns, except for on real low time-frames, but this is a pair value after all.
The base line is clear and the waves show strong adherence to retracement levels. So if the top of the right shoulder is reached with respect to the patterned trajectory then it would be worth checking indicators on ADAUSD to then act accordingly.
Pairs seem to be more self-fulfilling by nature, IMO, and volumetrics on the USD side can be a good source of confirmation.
The base line is clear and the waves show strong adherence to retracement levels. So if the top of the right shoulder is reached with respect to the patterned trajectory then it would be worth checking indicators on ADAUSD to then act accordingly.
Pairs seem to be more self-fulfilling by nature, IMO, and volumetrics on the USD side can be a good source of confirmation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.