The counter has been confined into an asymmetrical pattern for the past few months, which depicts indecisiveness.
Now, it has made a bullish breakout from the pattern.
Further, it has formed an inverted head and shoulder pattern and broke out of the neckline.
Hence, we expect the pair to be bullish in the short-term.
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.
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.