For the next week, it seems interesting to go back analysis on this pair. From a technical perspective, on weekly time frame, the trend remains bearish, but we found a potential reversal pattern (3D PATTERN) in development. "It often happens that this pattern develops even after a classic reversal pattern: H&S", says Carlo. If we analyze well the chart, we see how the 3D target coincides with the potential Neckline H&S, and from there, the potential pullback, could form the right shoulder of H&S bullish.
Well, until here we have analyzed the swing, now we also look at potential waves that could develop on the daily time frame:
From tomorrow, we will continue to publish the development of our analysis (Part II) with the goal of creating a setup, on minor time frame, which has many features in support. In fact the purpose of the analysis is to filter out potential false signals when setting a setup.
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