Price is falling due to USD strength, plus breakout & retest of broken daily uptrend line. Now we see price making lower lows & lower highs. Watching for this 4 hour candlestick close if we can get a pin bar to 1.17500 area, I will look to take this pair short. We are on our way back down! : )
Trade with care
Trade with care
Note
DAILY View: * Moving averages are started to slope downwards as well. Some extra conformation! Note
Potential H&S Pattern setup for next week
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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.