Trade: Small Corrective Structure
Explanation: The pair has broken the falling wedge pattern and proceeded into a small CS. Currently it is consolidating in a tight zone and an LLT will be placed at the bottom of this CS for an anticipated push higher. HTF is showing a bullish trend, however momentum is subsiding.
Explanation: The pair has broken the falling wedge pattern and proceeded into a small CS. Currently it is consolidating in a tight zone and an LLT will be placed at the bottom of this CS for an anticipated push higher. HTF is showing a bullish trend, however momentum is subsiding.
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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.