This pair is very prone to a massive bullish breakout. After completion of a huge bullish Inverted AB=CD pattern with almost 350 pips for each leg at the lower end of a descending channel, price is seemingly carving out a Head and Shoulders pattern and also a Gartley pattern.
Break up of the recent swing high at 0.7140 will be accompanied by a breakout of the channel as well, paving the way for bulls to target the 0.7380 top again.
Good luck,
Ali Sharif Azadeh, CFTe
Break up of the recent swing high at 0.7140 will be accompanied by a breakout of the channel as well, paving the way for bulls to target the 0.7380 top again.
Good luck,
Ali Sharif Azadeh, CFTe
Note
Long triggered. Good luck,
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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.