At the moment I am just finding this pattern interesting.
This pair has been bullish for quite sometime and a reversal can come at anytime. It has been bouncing in a channel and the possibility of a double top (with this beautiful saucer shape)* can signal a bounce back to the bottom channel trendline.
I'd say go short if see the divergence happening as well but for now I am having a neutral bias.
*I think most people would say this saucer is more indicative of a bullish continuation. That's why I think it is looking interesting.
What are your thoughts?
To all masters out there, 2 months ago I didn't even know what forex meant, nevermind chart analysis. So forgive me if I am posting complete nonsense. All the content I am posting is just part of the learning process.
Feedback is very welcomed and appreciated ;)
This pair has been bullish for quite sometime and a reversal can come at anytime. It has been bouncing in a channel and the possibility of a double top (with this beautiful saucer shape)* can signal a bounce back to the bottom channel trendline.
I'd say go short if see the divergence happening as well but for now I am having a neutral bias.
*I think most people would say this saucer is more indicative of a bullish continuation. That's why I think it is looking interesting.
What are your thoughts?
To all masters out there, 2 months ago I didn't even know what forex meant, nevermind chart analysis. So forgive me if I am posting complete nonsense. All the content I am posting is just part of the learning process.
Feedback is very welcomed and appreciated ;)
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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.