The pair has broken a couple of support levels, it has joined the channel again and it seems to be continuing the downtrend.
After it reaches our target, it might make a retracement at 1.32 in which a Head and Shoulder pattern can be seen.
It has not yet reached the channel's support, which is our target for this short position.
After it reaches our target, it might make a retracement at 1.32 in which a Head and Shoulder pattern can be seen.
It has not yet reached the channel's support, which is our target for this short position.
Note
The pair has already made a retracement at our 1.32 level earlier than I had anticipated and it seems to be going back down again.Trade active
Targets still active
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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.