Last week price breaks the weekly ascending channel and currently, it retraces back to the major and minor trendlines
forming the right shoulder of H&S pattern.
This would be a great opportunity for short with a good risk-reward ratio.
On monthly analysis, price is making temporary pullback after having consecutive bullrun during the end of July.
Overall. this pair still remains bullish. This is a short-term opportunity.
All the best.
forming the right shoulder of H&S pattern.
This would be a great opportunity for short with a good risk-reward ratio.
On monthly analysis, price is making temporary pullback after having consecutive bullrun during the end of July.
Overall. this pair still remains bullish. This is a short-term opportunity.
All the best.
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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.
Related publications
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.