50MA cross over with 200MA on 24th April, we have seen bullish momentum since but this is slowly fading indicated by the rectangle. MAs are coming closer together signalling to possible reversal.
Theres a possibility we can form an inverse H&S, we would need to start the right shoulder so we would need to come down. My eyes are set on 1.71.
We could form a double top at the 1.73 level which would promote a fall for this pair.
Theres a possibility we can form an inverse H&S, we would need to start the right shoulder so we would need to come down. My eyes are set on 1.71.
We could form a double top at the 1.73 level which would promote a fall for this pair.
Trade closed: stop reached