Last week price breaks the weekly ascending channel and currently, it retraces back to the major and minor trendlines
forming the right shoulder of H&S pattern.
This would be a great opportunity for short with a good risk-reward ratio.
On monthly analysis, price is making temporary pullback after having consecutive bullrun during the end of July.
Overall. this pair still remains bullish. This is a short-term opportunity.
All the best.
forming the right shoulder of H&S pattern.
This would be a great opportunity for short with a good risk-reward ratio.
On monthly analysis, price is making temporary pullback after having consecutive bullrun during the end of July.
Overall. this pair still remains bullish. This is a short-term opportunity.
All the best.
