XBRUSD, Daily
In the Daily timeframe, XBRUSD formed a head-and-shoulders pattern. The price fell to the neckline. On the Alligator, the lips crossed the jaw, which is also a bearish signal.
- XBRUSD sell can be considered when falling below 71.50 with a target to 69.50 and further dropping to 68.50;
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Egor Schmidt
