There is an H&S lookalike formation on the H1/H4 chart, together with a bearish channel that might develop further. It so gives traders an opportunity to switch sides from bulls to bears and sell the pair.
SL: 1.1840
TP1: 1.1730
TP2: 1.1650
SL: 1.1840
TP1: 1.1730
TP2: 1.1650
Trade closed: stop reached
SL was hit.Trade active
Re-entered shorts.Trade active
The pair might retest the 1.1870-1.1880 area.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.