First and foremost, let us discuss the rising channel. The channel seems ready to break out it is only a matter of time. Then there is a head and shoulder patter also forming on the 4H. The neckline of this head and shoulder pattern outlines the falling channel trend lines. Lastly, a bearish flag pattern has formed, broke out and is now currently in retest. I do not want to get started of the supporting fundamentals (Tariffs, Poorly Performing Euro and US CPI)
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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.