The pair might reverse after reaching the head & shoulder target (see tag). There is bearish divergence, double bottom and previous structure has held on shorter timeframe. Target is at 50-61.8% retracement, stops below previous lows.
Trade Type: Trend Reversal
Price: 1.2397
Target: 1.2457
Stops: 1.2354
R/R Ratio: 1.5
Trade Type: Trend Reversal
Price: 1.2397
Target: 1.2457
Stops: 1.2354
R/R Ratio: 1.5
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Related publications
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.