We discussed this market yesterday and the 1,2,3 pattern that price was in the final stages of forming.
Price attempted to complete this pattern by breaking lower and through the daily chart support level, but price quickly snapped back higher to make a false break.
This pattern and support level are key for this pair.
If we can get a break lower in the next few sessions, then a lot of short trades will open up.
Price attempted to complete this pattern by breaking lower and through the daily chart support level, but price quickly snapped back higher to make a false break.
This pattern and support level are key for this pair.
If we can get a break lower in the next few sessions, then a lot of short trades will open up.
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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.