Based off my previous idea, this idea seems more logical. Inverted head & shoulders followed by a re-test of the neckline. The exchange rate also shows a 50% retracement and candles getting smaller and wicks getting longer suggesting a decrease in momentum.
Note
Well looks like my previous analysis was right and this one didn't 🤷🏽♂️Note
(Journal) Look at the overall trend, and trade direction. No break of TL or shift in momentum.Note
Market turned around and broke TL.
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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.