Confluences
Lower high created, with a higher high forming. Inverse head & shoulders on the 8H chart with a strong neckline that's being respected. In line with the daily ranging uptrend.
Confirmations
We're looking for price to break the 1.22 level giving us the idea that price will continue to the upside. Wanting to catch a small pullback into our neckline before price continues. We want price to form a lower high before continuing. Be careful not to get stung on manipulation moves.
Lower high created, with a higher high forming. Inverse head & shoulders on the 8H chart with a strong neckline that's being respected. In line with the daily ranging uptrend.
Confirmations
We're looking for price to break the 1.22 level giving us the idea that price will continue to the upside. Wanting to catch a small pullback into our neckline before price continues. We want price to form a lower high before continuing. Be careful not to get stung on manipulation moves.
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.
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.