The pair has failed to sustain the break below 0.7700 support level
, forming an inverted head and shoulders
pattern which was broken earlier. Meantime, a clear bullish divergence
is seen on RSI
over the daily and four-hour time intervals. I am looking for a minor pullback from the descending resistance shown on chart , for a possible retest of the broken neckline of the inverted H&S
pattern before moving higher again.
This could be the case , and could be not :) . Wish me luck
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-If 90 percent of first target is reached I move stop loss to breakeven.
-Remember: Losing is a main part of the game