After a steep fall, the counter has found support in its long-term trendline.
It took support and has formed an inverse head and shoulder pattern at the trendline.
Now, it has broken the neckline and the price action is supported by the neckline.
Hence, we expect the pair to retrace to the resistance levels of 18.765 and 18.572.
It took support and has formed an inverse head and shoulder pattern at the trendline.
Now, it has broken the neckline and the price action is supported by the neckline.
Hence, we expect the pair to retrace to the resistance levels of 18.765 and 18.572.
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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.