EUR/USD -19/11/2020-
Updated
• Triangle on hourly chart
• Breakout failed near the 200 MA
• 2 possible scenario: Retest then move lower or move higher and invalidate the pattern
Good luck
• Breakout failed near the 200 MA
• 2 possible scenario: Retest then move lower or move higher and invalidate the pattern
Good luck
Note
The pair tested the trend line and failed to break into it, and moved lower as per the analysis.
Ramzi Abou Abdallah, CFTe, CMT
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