Looking to scalp this pair down the descending trendline. We can see that the price is forming a head and shoulders. We can also see that the price respected the descending trendline on the left side of the head and shoulders. Price has also been respecting the right side of the head and shoulders in the form of the descending trendline. So I will go ahead and scalp it, I am shorting this pair every time price touches/wicks the trendline. Let's see what happens!
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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.