It looks like a Bullish Shark pattern projection (yellow), but support on 1.0522 making it uncertain. If you take a look at the segment BC, it could be sign of an ABCD bearish pattern pointed to the 61.8-78.6 Fib (1.1258 – 1.1458). Overall and taking considerations of the pattern on the monthly chart, the pair prevails in a downtrend, so it would be better to wait for a clear short setup.
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Related publications
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.