The pattern is not yet complete, but if it makes a new bounce and retests again, it will attract bearish traders, increasing the likelihood of a breakdown. A close below 0.1865 on the 1-hour timeframe will confirm the pattern. This level also serves as the invalidation point for long entries and the final take-profit (TP) from the previous bearish pattern.
Targets are 0.174 and 0.167.
Targets are 0.174 and 0.167.
Trade active
Target 1 reached.Next 0.167
Note
Retesting the 0.187 area. If still in a bullish phase, it should break this resistance and form a bullish pattern (green line). If still bearish, it will fall after reaching the 0.187 area (red line)
Trade closed: target reached
Trade closed and pattern invalidated already.Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.