clear inverse head and shoulders pattern on this pair to 1.3500

18 באוק׳ 2018

We can see that after price has come near the K.L of 1.3250, there has been a pullback 3 times. Could this indicate that price has found resistance and we could be heading back towards 1.2500? The moving averages are still crossed over to the downside but price is in the middle of them meaning we can see a change of direction soon. BUT we can see that there has been weeks of bullish movements which can continue this week and head back towards 1.3250 then 1.3500.