This pair has encountered a Major Support Level, and has formed an Inverse H&S
The trend is down and the sentiment is BEARISH.
This is a countertrend suggestion.
1. Enter - near Right Shoulder Support level
2. Stop - beneath the swing low
3. Target - confluence of 50 EMA and Fibonacci .618 retracement.
RR = 2
The trend is down and the sentiment is BEARISH.
This is a countertrend suggestion.
1. Enter - near Right Shoulder Support level
2. Stop - beneath the swing low
3. Target - confluence of 50 EMA and Fibonacci .618 retracement.
RR = 2
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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.