The price has reached an important intraday zone of resistance. Our bias for this pair remains bullish and we are looking for BUY entries. However, the current area is not a suitable one to go long from. Thus, we are waiting for the price to re-visit the 0.949 area of support and complete the formation of the right shoulder of the inverse H&S pattern before entering BUY positions and aiming for the two targets identified on the chart.
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.