- October 18, 2019
- Posted by: Tradingshot Articles
- Category: Uncategorized
Pattern: Channel Down on 1M.
Signal: Bearish as the price has entered the Lower High divergence zone (if the current is also -0.40% lower from the March – June Lower High range).
Target: 1.0800 (even though the -4.65% extension can go as low as 1.0700).
NOTE: The same pattern has been followed in the past for successful trades as seen below.