Looking like a USD bull inc.
1. Strong Downtrend
2. Bear Flag pattern
3. Shark fin formation with an extended pullback (high Rsi)
4. Second retest of major resistance (on a lower high from the initial sharkfin)
5. Backed up by CONFIRMATION which is bearish candle break from the bear flag formation.
Volume here will be utilised to effectively enter shorts once bear candle confirmation is indicated.
1. Strong Downtrend
2. Bear Flag pattern
3. Shark fin formation with an extended pullback (high Rsi)
4. Second retest of major resistance (on a lower high from the initial sharkfin)
5. Backed up by CONFIRMATION which is bearish candle break from the bear flag formation.
Volume here will be utilised to effectively enter shorts once bear candle confirmation is indicated.
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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.
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.