Head And Shoulders Forming?
IN the hourly I have drawn a descending line, meeting resistance, where the line peaks (marked in red) in the RSI. The 4 hour time frame shows a head a shoulders pattern forming, which will trigger a fall to supoprt lines around the 1.30 mark? Not sure how promising this is in the short term but may provide a good long opportunity when the daily is reset. Not financial advice. Thanks!
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