EURUSD Ascending Channel & Triangular Contraction [SHORT]
Updated
Price action touch dynamic resistance of the Ascending Channel,
It looks like it is forming a Head & Shoulders pattern.
Decision to be made due to Triangular Contraction captured the price movement.
Price action higher prediction will go down and touch the dynamic support of the Ascending Channel.
It looks like it is forming a Head & Shoulders pattern.
Decision to be made due to Triangular Contraction captured the price movement.
Price action higher prediction will go down and touch the dynamic support of the Ascending Channel.
Note
Price keep testing resistance area (red box). Waiting for a strong trend to appear.
Probably a drop in price.
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.