This pair is nearing a major trendline, which could provide some support from its recent bearish price action.
However, if we zoom out, we will see that over the past 2-3 months, it broke the neckline of a huge bearish head-and-shoulders pattern which spanned more than a year, signalling a very bearish outlook ahead.
As such, it would make more sense to look for shorting opportunities going forward.
However, if we zoom out, we will see that over the past 2-3 months, it broke the neckline of a huge bearish head-and-shoulders pattern which spanned more than a year, signalling a very bearish outlook ahead.
As such, it would make more sense to look for shorting opportunities going forward.
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FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
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.
Free video tutorials: wp.me/P1riws-7uH
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
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.