Potential retest of the 0.68 could send the price back lower to continue the downtrend, or a break above would trigger a reverse H&S pattern.
However, a lot of fundamental data coming out today and tomorrow. Fed minutes today and non-farm payrolls tomorrow, so technical setups might be negated completely by the news.
Happy Trading!
However, a lot of fundamental data coming out today and tomorrow. Fed minutes today and non-farm payrolls tomorrow, so technical setups might be negated completely by the news.
Happy Trading!
Note
Note
The pattern has been going well, after breaking and retesting the 61.8% retracement, we are on the way to the MPO.
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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.