The corrective consolidation pattern involves the support leg to be broken as this has been retested many times, I believe that the trend will breakthrough giving a signal to short. I suspect that the trend may recover towards back up to 1.115 once it has hit point C, however this would only be another short set up for potential sellers.
Opening point: 1.11633
Target point: 1.1
Exit point: 1.12254
Opening point: 1.11633
Target point: 1.1
Exit point: 1.12254
Trade closed: stop reached
Note
#Godisgreat
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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.