Looking at the weekly (and monthly) we notice a forming a possible Heads & Shoulders. Assuming the H&S forms with confirmation, we can prepare a long order after its completion of the pattern. As of now, I will be short on this one based on price action.
Do note on the fundamental side of things that the Dollar (U.S.) is weakening. Recent low GDP statements, rising COVID cases as well as high-unemployment are factors we should consider before executing a trade.
Do your own due diligence, don't take me word for word I'm only a newbie with a passion for trading!
For more analysis follow me on TradingView. If you are feeling generous, donate some TradingView coins! It motivates me to keep posting daily.
Do note on the fundamental side of things that the Dollar (U.S.) is weakening. Recent low GDP statements, rising COVID cases as well as high-unemployment are factors we should consider before executing a trade.
Do your own due diligence, don't take me word for word I'm only a newbie with a passion for trading!
For more analysis follow me on TradingView. If you are feeling generous, donate some TradingView coins! It motivates me to keep posting daily.
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