Price has approached resistance exhibiting a slight rejection before making a bearish move away and re-consolidation.
The two consolidations either side of apex is reminiscent of a head-and-shoulders pattern.
A short into old support yields ~50 pips and ~2.7 RR.
The two consolidations either side of apex is reminiscent of a head-and-shoulders pattern.
A short into old support yields ~50 pips and ~2.7 RR.
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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.