The 1-hour chart has formed a Head and shoulder.
The pair has made a strong bearish move and is currently trading around a strong support zone.
In due process, the pair has also formed bullish cypher pattern and bullish bat pattern, which are indications for a trend reversal.
Hence, we expect the pair to make a bullish move from here.
The pair has made a strong bearish move and is currently trading around a strong support zone.
In due process, the pair has also formed bullish cypher pattern and bullish bat pattern, which are indications for a trend reversal.
Hence, we expect the pair to make a bullish move from here.
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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.