Hey, as you can see the pair as broken out of the descending flag which has recently broke down out of a rising wedge which has been accumulating for a good while now.
Short term potential bullish and bearish targets are shown by the paths of the red and green lines.
If it breaks down out of the descending flag, we can expect this to lose a lot of ground.
Short term potential bullish and bearish targets are shown by the paths of the red and green lines.
If it breaks down out of the descending flag, we can expect this to lose a lot of ground.
Trade closed: target reached
This pair took the red path which was the one in my personal favour. Potential to break down further!
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.