Update: After the H&S got active, the downmove is in full swing. Now we are consolidating -a bearish flag appears. Trading below the flag Bodys bottom will activate the flag -the tp could be 1.8088.
Trading below the fla Bodys upper edge will open the possibility to retest the Breakout-Niveau (neckline of the H&S) @ 1.85
Main Analysis: H&S?
For me the chart seems bearish - only prices above 1.88 will brighten the chart imo.
TPs of the H&S: 1.823/ 1.803
Trading below the fla Bodys upper edge will open the possibility to retest the Breakout-Niveau (neckline of the H&S) @ 1.85
Main Analysis: H&S?
TPs of the H&S: 1.823/ 1.803
Comment:
No flag anymore - instead of a bearish Signal, the pair recaptured the Action point (neckline) - here a decision has to be made
Comment:
The power of than Action point! Aha - a desicion was made!
