I thought it was time to share a simpler chart after all of my recent posts about shorting this thing. Unless something very strong changes the view of this, the pair seems to constantly produce bearish signals... at least for the time being.
Here is a 480m chart with bearish head and shoulders patterns. One is the obvious pattern, the other is the pattern within the right shoulder of the larger one.
Also, the oscillators show a progressively weakening market.
Here is a 480m chart with bearish head and shoulders patterns. One is the obvious pattern, the other is the pattern within the right shoulder of the larger one.
Also, the oscillators show a progressively weakening market.
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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.