Entering a short trade on the pullback from the current daily resistance. The daily candle shows a strong bearish reaction, and the 1-hour chart provides multiple clues for a potential reversal. The previously observed rising channel has broken, forming a head and shoulders pattern with a neckline break below.
Entry: 1.2681
Stop Loss: 1.2745
Target: 1.2603.
Entry: 1.2681
Stop Loss: 1.2745
Target: 1.2603.
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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.