Price has entered a small range of consolidation, but overall the daily head & shoulders seems to be playing out well. 50 MA crossed over the 200 SMA, & The 20 MA is under the 50 MA showing a very bearish sign.. I am expecting a strong breakout of consolidation soon moving price further to the downside. Its all about waiting now !
Note
price moved down to support & the dxy market is open, so we could potentially see a gap on dollar pairs when the FX market opens.. Lets see if we can breakout of consolidationDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.