Looking at this particular pair, we have some good signals of strong H&S pattern forming. Also, price rejections of 135.200 of 61.8fib rejection 2 times on the 4h candles suggest that this pair will go lower next week on Monday and then after for the rest of the week continue to rise as suggested by price action.
Also on lower time frames there is a cup and handle pattern forming as well, and seeing how the handle is not breaking the cup, and there are multiple rejections on lower time frames also strengthens this H&S.
What are your thoughts on this pair?
Also on lower time frames there is a cup and handle pattern forming as well, and seeing how the handle is not breaking the cup, and there are multiple rejections on lower time frames also strengthens this H&S.
What are your thoughts on this pair?