Price has been moving up in this channel but it looks like it want to reverse. It is forming a head and shoulders pattern and already broke the down trend line of the channel and its looking to break the neckline of the pattern. If price break and retest the neckline and show some rejetion or strong momentum down i will look to short this pair!
Note
Really nice drop after the break of the neckline as expected!
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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.