The trend at 4Hr timeframe is starting to shape as an inverted holder (Inverted cup formation completed).
In addition, on the daily time frame, it shows inverted head and shoulder pattern that I described in my previous post.
Need to keep an eye on the trend pattern , if it breaks below 2.0700 phycological level, the trend will shift to bearish targeting 2.0500 level.
Stay tuned and Good Luck!
In addition, on the daily time frame, it shows inverted head and shoulder pattern that I described in my previous post.
Need to keep an eye on the trend pattern , if it breaks below 2.0700 phycological level, the trend will shift to bearish targeting 2.0500 level.
Stay tuned and Good Luck!
Trade active
Currently the trend is bearish, it seems that the inverted cup and holder theory is under process! Good Luck!
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.