Current session candle is bearish but as many other pairs the market there is a lot of uncertainty at this moment and there is not enough data to foresee a big move either way.
Trend is ascending so a bull continuation seems appropriate for long term traders. There is a possible head and shoulder pattern under development (currently right shoulder) that could lead price to a correction to low 1.57 and below.
Pause, observe and decide.
Cheers
Trend is ascending so a bull continuation seems appropriate for long term traders. There is a possible head and shoulder pattern under development (currently right shoulder) that could lead price to a correction to low 1.57 and below.
Pause, observe and decide.
Cheers
Trade active
Right shoulder seems to be forming very well. If it goes to the target it will then invalidate it but reach my target.
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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.