There is a 'head and shoulders' pattern that was sketched on the H4/daily chart. That might push the price lower to values below 1.1040.
Note
Please support me with your thumbs up and comments.Trade active
Bears are leading for now.Trade active
The pair is consolidating.Trade active
The pair reached the weekly pivot at 1.1117. If it doesn't cross and close above it then there are high chances it reverses and moves downwards.Trade active
There are signs that the pair is prone to go bearish and so break the neckline later on.Trade active
The pair reached TP1.Trade active
The pair reached WS2 at 1.1029 and so might reverse and move to day open 1.1055.
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.
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.