as shown in the H1 chart, the price is now completing the right shoulder to complete a HEAD AND SHOULDER chart pattern which is a strong selling pattern, and it has formed a minor bullish channel in H1 therefore when the price breaks lower trend line it will fall and complete a second shoulder then when it breaks and retests the neckline it may fall to 160.41 and if the movement will be strong it may go further to 158.00
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.