If it closes below 2.0811 on the 4-hour timeframe, the bearish head and shoulders pattern may activate.
Targets are 1.8 and 1.65.
Invalidation occurs if it closes above 2.2829, assuming it didn't make a new high above that level before dropping down.
It is currently trading below the 100-day moving average.
Targets are 1.8 and 1.65.
Invalidation occurs if it closes above 2.2829, assuming it didn't make a new high above that level before dropping down.
It is currently trading below the 100-day moving average.
Note
Change of pattern figure, broke the prev high and now trading above 100 daily ma.Order cancelled
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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.