The counter did test the resistance of 0.75684 twice, however, it was not able to pass through and subsequently formed a double top pattern.
It has then broken the critical support level of 0.75236 and formed a bearish flag pattern.
Now, it has broken down flag pattern and hence we expect the counter to be bearish in the near-term.
It has then broken the critical support level of 0.75236 and formed a bearish flag pattern.
Now, it has broken down flag pattern and hence we expect the counter to be bearish in the near-term.
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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.