After a short rise, the price of this currency pair fell again. Considering the price movement since December, one can find the "Cup with a handle" pattern. This is an inverted reversal pattern. We have a prior trend (growing). This means that after completing the pattern (and it has already happened), the price should break through the base line and collapse by the trend volume. I think that we can expect a fall to the zone of the previous correction of 1.184.
SL - 1.201.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 1.201.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.