The counter had formed an inverted cup and handle formation in the 30-min chart.
It then broke out and pulled back to test the broken support.
Now, its hovering around the broken support and converting it to a resistance.
Hence we expect the pair to move down from here.
It then broke out and pulled back to test the broken support.
Now, its hovering around the broken support and converting it to a resistance.
Hence we expect the pair to move down from here.
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.