• Triangle on hourly chart
• Breakout failed near the 200 MA
• 2 possible scenario: Retest then move lower or move higher and invalidate the pattern
Good luck
• Breakout failed near the 200 MA
• 2 possible scenario: Retest then move lower or move higher and invalidate the pattern
Good luck
Comment:
The pair tested the trend line and failed to break into it, and moved lower as per the analysis.
Ramzi Abou Abdallah, CFTe, CMT
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