On the daily timeframe, we could observed a downtrend movement impact of the NFP news.
The market then, made a healthy retracement.
When will this retracement end?
Lets zoom-in in a lower timeframe.
This chart is m30. We could observed a complete H&S pattern hint for down movement is about to start.
I believed it can go further down but lets aim as what H&S pattern suggest,
Distance from 'Head' to 'Neckline'= Distance from 'Neckline' to 'Target'.
This is analysis is for my future reference.
If you want to follow, make sure calculate your own risk & reward.
This analysis will have corelation with other currencies:-
USDXXX : Down trend
XXXUSD : Up trend
Good Luck
The market then, made a healthy retracement.
When will this retracement end?
Lets zoom-in in a lower timeframe.
This chart is m30. We could observed a complete H&S pattern hint for down movement is about to start.
I believed it can go further down but lets aim as what H&S pattern suggest,
Distance from 'Head' to 'Neckline'= Distance from 'Neckline' to 'Target'.
This is analysis is for my future reference.
If you want to follow, make sure calculate your own risk & reward.
This analysis will have corelation with other currencies:-
USDXXX : Down trend
XXXUSD : Up trend
Good Luck
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.