huge potential move to the downside if this pattern plays out correctly here. as we can see we are looking at a potential head and shoulders pattern which we are all familiar with and how it can have a huge impact on the market when it comes to trading price action. we have no real indicator as to where this pair is going as of now so i will be waiting patiently and watching this pair. If that pattern gets broken before it is complete it will then become invalid and i wont be taking the short.
Patience, trade safe:)
Patience, trade safe:)