The chart was running in an ascending manner, then on the 26th of April, it showed a reversal toward a bearish trend, however, according to my assessment it was making a bullish flag, AB=CD bullish harmonic pattern is also confluence to back up my assumptions. Please do not enter this trade until it breaks the previous peak of HL.
One thing should also be kept in mind that it reached this high in the year 2020 if it will break this point then it will reach its projected value i.e. 1.72018.
One thing should also be kept in mind that it reached this high in the year 2020 if it will break this point then it will reach its projected value i.e. 1.72018.