The pair has been forming a potential "M-top" which usually signifies a larger decline over time. The neckline is estimated 2.0790 area, and it means we should be confidently trade below this level to validate and confirm the pattern. The overall objective may be near 2.0000 again.
Strategy SELL between 2.0800 - 2.1100 for a profit objective let's say 2.1050.
Strategy SELL between 2.0800 - 2.1100 for a profit objective let's say 2.1050.
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.