Hi everyone:
Similar approach like NZDUSD, as price is forming this ascending channel to the double tops area.
We can see price had a fake breakout of the previous highs, but quickly reverse back down very impulsively.
This is a good indication the bullish momentum may be exhausted, and we can expect bearish continuation corrections to form and push back the price down to the lows.
Thank you
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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.