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Return to the Trendlines and Prepare for a FALL!
Euro / Yen Jepang
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Return to the Trendlines and Prepare for a FALL!
Oleh Stethostrade
Ikuti
Ikuti
11 Agu 2020
6
Cheer
Cheer
11 Agu 2020
Last week price breaks the weekly ascending channel and currently, it retraces back to the major and minor trendlines
forming the right shoulder of H&S pattern.
This would be a great opportunity for short with a good risk-reward ratio.
On monthly analysis, price is making temporary pullback after having consecutive bullrun during the end of July.
Overall. this pair still remains bullish. This is a short-term opportunity.
All the best.
Chart Patterns
Trend Analysis
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