The sideways channel was breached by the last hourly candle and the current rise ran out of stream at 1.5206 (38.2% of Nov first week drop).
Overall trend is downwards as well - after inverted head and shoulder failure on the daily chart at 1.5930 in June, followed by a falling channel seen on the daily chart.
Overall trend is downwards as well - after inverted head and shoulder failure on the daily chart at 1.5930 in June, followed by a falling channel seen on the daily chart.
Trade closed manually
Profit booked at 1.5160
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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.