We have the inverse King's Crown forming on this pair. This was a bearish market, meaning we had lower highs and lower lows , making a downtrend. The trendline got broken and that already indicated the change in the direction of the trend. Next thing the resistance was also broken just after the trendline got tested. We now aim to long the market applying the rules towards the measured target by the rules of the Head N Shoulder.
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.