There is a clear head and shoulder pattern shown and the price on the 1 H and 4 H timeframes are currently moving downwards. I'm waiting for the closing of the 4H timeframe to see the price action further.
There is also a strong support level of 1.331, and if the price continues to break through it, I'll probably go short.
*This is my first analysis, please comment down below if you think that I made a mistake :)
There is also a strong support level of 1.331, and if the price continues to break through it, I'll probably go short.
*This is my first analysis, please comment down below if you think that I made a mistake :)
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.
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.