the pair has reached a level of resistance on the 4H chard should it break we could be looking to go long
but more likely to be a short position as on the daily timeframe looking like a possible head and shoulders formation.
on the
H chart it looks to have formed a descending channel, the upward movement was a retest of a much bigger bearish movement.
but more likely to be a short position as on the daily timeframe looking like a possible head and shoulders formation.
on the
H chart it looks to have formed a descending channel, the upward movement was a retest of a much bigger bearish movement.
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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.