after a steep decline the pair got stuck around the 111.500 level indicating a weakness in trend that eventually formed a head and shoulders pattern other that that zooming in the hourly there is an indication that the trendline of the pattern will break because of the strong pennant pattern
recap ; multiple patterns indicate a move up
stops can be placed below the neckline wich gives us a nice risk reward ratio
Targets are not set yet
Economic events will influence my trading position
recap ; multiple patterns indicate a move up
stops can be placed below the neckline wich gives us a nice risk reward ratio
Targets are not set yet
Economic events will influence my trading position
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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.