In the daily time, we have head & shoulders pattern.This pattern is also formed in 4 hours.
By breaking the neckline in 4 hours and then in daily time, we have reached the resistance of 0.75820.
The chart has reacted to this and is making pullback to the daily neckline.
The light blue line of the daily channel is broken.The orange lines indicate the end of the head & shoulders pattern.
And purple lines can show a dowtrade channel.If the 0.75820 breaks, we can expect a down trend.
By breaking the neckline in 4 hours and then in daily time, we have reached the resistance of 0.75820.
The chart has reacted to this and is making pullback to the daily neckline.
The light blue line of the daily channel is broken.The orange lines indicate the end of the head & shoulders pattern.
And purple lines can show a dowtrade channel.If the 0.75820 breaks, we can expect a down trend.