Price on this pair is in the last stages of attempting to form a 1,2,3 reversal pattern.
After forming the lower high, price is now looking to test the daily chart support level.
If this level breaks and the 1,2,3 pattern gets confirmed, then all the momentum would be lower.
This would open the way for a lot of potential short trading opportunities.
After forming the lower high, price is now looking to test the daily chart support level.
If this level breaks and the 1,2,3 pattern gets confirmed, then all the momentum would be lower.
This would open the way for a lot of potential short trading opportunities.
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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.