Trend continuation is more likely too me.
Bearish breakout is more likely
It's not an entry setup, but a long term direction to look for setups on daily chart. Good luck!
Nice hammer right at the confluence. Will you take this one?
What you think? Loosing strength or just a breath before the next fall?
Which direction do you see it going?
The inverted Head And Shoulder:
On 4h Chart:
The monthly channel:
Would you buy this anticipated?
Do you see opportunity trading this pair?
Finally the breakout we were waiting for for months!
Here is my previous post of this setup:
My short term is bullish, but as you see on the chart, it can turn out to be bearish very easy.
What you think?
Looks good to make the first lower low.
Wait the weekly close to confirm!
The weekly IH&S: