Following recent decline from bullish channel resistance, pair has consolidated and currently forming potential Bear Flag. It is also pushing towards the major structure resistance. If this scenario plays out then I would also be looking for bearish divergence on RSI and confirmation on lower time frame.
1st profit target near most recent lows at 1.32000
2nd profit target near channel support at 1.31000
1st profit target near most recent lows at 1.32000
2nd profit target near channel support at 1.31000
Order cancelled
Breakout happened earlier than i thought it would.
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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.