Chart shows a bearish head and shoulders after testing a previous support level wich became resistance (showed in yellow on the chart) .we also have a formation of a bearish bat patttern confirmed the head and shoulders at the point D ,price may go down and break the ascending flag trying to test the swing low (point A of the bat pattern) .
Potential targets :
*1,33067 and 1.32621 wich correspond to the 0.618 and 0.786 fibonacci retracement of the last upward movement
Potential targets :
*1,33067 and 1.32621 wich correspond to the 0.618 and 0.786 fibonacci retracement of the last upward movement
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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.