Rising trend line, which was part of a major ascending triangle, was broken 0n 8/11 and now a retracement towards 1.3000 is taking shape; this level lines up with a previous structure (yellow rectangle) plus the 50% fibonacci level. The conjunction of the two could hint a resume in the downtrend.
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.