I've mapped out all the patterns I can identify on this pair and I've selected the most probable.
The first which is a formation of an inverse head and shoulders pattern leading to a break above the trend and possibly a short-lived breakout.
The second is the formation of a fake left shoulder but a bounce on retesting the upper trendline to continue the trend to the downside as I've mapped out.
The first which is a formation of an inverse head and shoulders pattern leading to a break above the trend and possibly a short-lived breakout.
The second is the formation of a fake left shoulder but a bounce on retesting the upper trendline to continue the trend to the downside as I've mapped out.
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.