On the chart we see that our pair begins to form the “head and shoulders” pattern. The shoulder level is at the previous level of the “upside-down head and shoulders” pattern that preceded it.
We believe that now the second shoulder is formed and the pair is aimed at the neck level. Therefore, we advise you to consider opportunities for entering short positions.
We believe that now the second shoulder is formed and the pair is aimed at the neck level. Therefore, we advise you to consider opportunities for entering short positions.