Last week we spotted a major rising parallel channel on weekly.
As you remember, a bearish move was expected after a touch of its resistance.
This morning we see multiple bearish clues on intraday time frames.
On 4H the price formed a head and shoulders pattern;
broke and closed below a rising trend line and violated a horizontal neckline to the downside as well.
Now I expect a bearish continuation.
Goals:
123.55
122.8
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.