Possible inverted H&S confirmation indicate we may see this pair higher. Looking for a measured move per the the H&S protocol.
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The sideways is still strong on this one. Price action is respecting channel resistance line formed from the October low. While I think the inverted H&S formation did confirm with a bar closing above the "neckline". Some caution because the bulls aren't showing up in droves and we have a bull channel which is technically a possible bull flag in the making.
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* I meant "bear flag in the making" not "bull flag"
