Pair broke channel, pushed by OIL price, and is going to test next resistance level at 0.76. A bearish butterfly and Crab pattern in play. Good for long positions in lower TF’s.
For short position on D1 chart: wait for bearish divergence and reversal bar pattern inside PRZ box
For short position on D1 chart: wait for bearish divergence and reversal bar pattern inside PRZ box
Note
It looks like the Crab pattern is "taking control" here... I can see a bearish divergence on D1 chart and a bearish pin bar. I will try to go short from the bearish 3-drive pattern on H4 chart.
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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.