Descending channel pattern formed in a short-term bearish move forming part of a longer-term uptrend as continuation pattern to new HH shortly.
There is a bullish divergence at the lower trendline in a descending channel pattern.
Buying the test of the lower portion of the channel can get tricky. This is because you are knowingly buying a currency that is in a weak position! But I think it will climb soon
There is a bullish divergence at the lower trendline in a descending channel pattern.
Buying the test of the lower portion of the channel can get tricky. This is because you are knowingly buying a currency that is in a weak position! But I think it will climb soon
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Related publications
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.