eurgbp
if we look for the pair EURGBP that the main trend is down, there is an increase in the price beforehand and then forming a descending pattern triangel, wherein the pattern is a continuation pattern (down trend).
I sense a triangel pattern is a continuation pattern of a downward trend, but if the pattern appears after an uptrend occurs then it is likely that prices will continue to decline main trend (reversal if the previous trend rising).
besides that subtly we can see there is a large H & S pattern, but let's see what happens next.
we work with all possibilities.
hmmmmmm ..
I sense a triangel pattern is a continuation pattern of a downward trend, but if the pattern appears after an uptrend occurs then it is likely that prices will continue to decline main trend (reversal if the previous trend rising).
besides that subtly we can see there is a large H & S pattern, but let's see what happens next.
we work with all possibilities.
hmmmmmm ..
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.