We expect further downside on this pair, signalled by the breakout of the ascending channel pattern. We can also see the formation of a low high and a breakout of a key level which further supports our directional basis.
Note
Price is moving towards targetTrade closed: target reached
Trade was closed around NY close based on our trading rules regarding over night risks. Trade reached target.
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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.
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.