Pattern formation
At the moment, we are seeing on the chart that the pair has fallen below the MA (36), but is still trying to gain a foothold below. Also, the situation is similar to the fact that the pair is now forming an inverted "Head and Shoulders" pattern. At the moment we are at the end of the second shoulder.
Therefore, we advise you to look for points for entering long positions. Consider the marks of 1.3260 and 1.3315 as your targets.
Therefore, we advise you to look for points for entering long positions. Consider the marks of 1.3260 and 1.3315 as your targets.
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.