We could be on the way to lower prices from here.
After breaking out of an ascending wedge, we are seeing sideways price action but it is possible the market is forging a lower high which could draw a H&S pattern with a lower right shoulder vs. left shoulder (which I always look for).
At any rate, a break above 1.1755 should invalidate this view.
My 2 cents. Not trading advice.
After breaking out of an ascending wedge, we are seeing sideways price action but it is possible the market is forging a lower high which could draw a H&S pattern with a lower right shoulder vs. left shoulder (which I always look for).
At any rate, a break above 1.1755 should invalidate this view.
My 2 cents. Not trading advice.
