We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline and key level supports our directional basis
Note
Price is now around 50% of the move.
Trade closed: target reached
Note
Price is still tanking as expected almost 1 month later!
Note
2 months later price is still going down as per analysis.
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.