That Diamond Pattern Can Lead the Price to Anywhere
66
Pattern indicates that price is in consolidation phase and Economic Datas, Covid-19 news will determinate the where it will go. So, untill then best to do is just waiting in my opinion. Honestly i expect price to go and retest the 1.1$ but there is no logic behind that idea so i'm just waiting for the breakout. If it break-outs to upside, i will re-share the idea with some corrections but for now it is better to just watch and wait. I will keep updated that idea if it breaks downside.
Disclaimer: I am just expressing my opinion, i don't accept any responsibility about the trade u will do using this idea. Use your ideas and analysis allways while you are trading.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.