Pattern: Channel Up on 1W (dashed channel).
Signal: Bearish as after the price failed to cross the 1M Resistance Zone, it got rejected on the 1D MA200 and the Channel Up broke to the downside. MACD also rolling over.
Target: 1.1460 (symmetrical Support A) and 1.1000 (symmetrical Support B).
Signal: Bearish as after the price failed to cross the 1M Resistance Zone, it got rejected on the 1D MA200 and the Channel Up broke to the downside. MACD also rolling over.
Target: 1.1460 (symmetrical Support A) and 1.1000 (symmetrical Support B).
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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.