We are seeing a corrective channel on this pair currently, with ascending price acting quite correctively
I can personally see a small move up before an overall bearish impulse to bottom of channel starting point
Confluence for this setup are as follows:
- ascending channel in the form of a correction
- pattern separation within the larger timeframe structure, hinting at a bearish move to come
I can personally see a small move up before an overall bearish impulse to bottom of channel starting point
Confluence for this setup are as follows:
- ascending channel in the form of a correction
- pattern separation within the larger timeframe structure, hinting at a bearish move to come
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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.