The counter is forming a descending triangle pattern.
It is forming at the highs which could indicate a topping out formation.
However, we advise traders to initiate short trades once the pair breaks and sustains below the support level of 0.61122.
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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.