You can clearly see it better in the daily chart. Price is fast approaching neckline which was a support and resistance line I had long put there before I noticed this pattern. It's not my style to risk a trade betting on the price going down to the neckline, but it seems pretty clean so... will give it a second thought.
I will, however, short the pair if it breaks the neckline or put a long position if it makes a reversal pin bar or other candle pattern that clearly indicates bullish tendency.
I will, however, short the pair if it breaks the neckline or put a long position if it makes a reversal pin bar or other candle pattern that clearly indicates bullish tendency.