This pair put in a head and shoulders pattern and seemed to break the neck line to complete the pattern. However, it reversed back up right after the candle that broke the neck line. Head and shoulders patterns are reversal patterns and this pair did not seem ready to reverse. I will look for a small pull back before getting long again. I discuss this trade and more in this weeks Weekend Preview. Check it out here: youtu.be/Pt3tHfHETeI
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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.