The pair is now moving in the ascending channel and forming the shape of the head and shoulders and the price is moving now at the right shoulder at the price of 1.5604.
And we can enter into a buy deal if the price break out the right shoulder (Must see it ) and closing above it
And we can enter into a buy deal if the price break out the right shoulder (Must see it ) and closing above it
Note
The Pair already could not breaking the head and shoulders pattern and moved to the upper line for the channel and rebounded again to breaking the EMA 50 and EMA 200 and closed above them again , so I predict that it may break the Head and Shoulders Pattern and it will be good long chance
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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.