It's still forming, so I suspect it will become an inverse head and shoulder pattern, taking a trade now is high risk. I will rather wait for a confirmation before getting in. Share what you think in the comment section. Thank you for your support.
@abel11, @FXtrades-gp, Ok this didn't work out, but a bullish move is still expected.
FXtrades-gp
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@Helena_FX Yep, as I previously said, I’m still confident with a bullish scenario , unfortunately the pattern is not valid anymore , I’m just waiting to see the price action around the support level . What’s your opinion ? :)
Regards, Gianni
Helena_FX
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@FXtrades-gp, I see bullish, but not for long, but I am referring to the Daily.
FXtrades-gp
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@Helena_FX, Interesting, in a daily perspective I'd be confident to see the price moving up at least until to retest the resistance area at about 0.91600, let's see!