The ascending trending that was respected has been broken.
The price has formed a head and shoulders pattern.
I expect the price will rally back and retest the trend line before making a considerable fall based on this chart pattern.
Either stop loss at the top of the shoulders (approx. 56pips) or a tighter entry based on the retest of the broken trendline.
The price has formed a head and shoulders pattern.
I expect the price will rally back and retest the trend line before making a considerable fall based on this chart pattern.
Either stop loss at the top of the shoulders (approx. 56pips) or a tighter entry based on the retest of the broken trendline.