Potential retest of the 0.68 could send the price back lower to continue the downtrend, or a break above would trigger a reverse H&S pattern.
However, a lot of fundamental data coming out today and tomorrow. Fed minutes today and non-farm payrolls tomorrow, so technical setups might be negated completely by the news.
Happy Trading!
However, a lot of fundamental data coming out today and tomorrow. Fed minutes today and non-farm payrolls tomorrow, so technical setups might be negated completely by the news.
Happy Trading!
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The pattern has been going well, after breaking and retesting the 61.8% retracement, we are on the way to the MPO.