Short then a probable long.
We broke out of a head and shoulder and went ahead to form an ABCD pattern. Based off of the trend, I would short at point D based on my entry strategy with a target at the neck of the Head and Shoulder which is also the .382 level on Fibonacci? then based on what is going on, I may go long.
I do believe though that the descending trend line and the resistance at 0.8774 will be broken on the long term.
I do believe though that the descending trend line and the resistance at 0.8774 will be broken on the long term.
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