This pattern is called a descending triangle.
To play these chart patterns, you should consider both scenarios (upside or downside breakout) and place one order on top of the formation and another at the bottom of the formation.
We will watch closely for a false breakout here, we are more bullish on this pair. But we will consider both ways. Will keep close eye on price action signals.
To play these chart patterns, you should consider both scenarios (upside or downside breakout) and place one order on top of the formation and another at the bottom of the formation.
We will watch closely for a false breakout here, we are more bullish on this pair. But we will consider both ways. Will keep close eye on price action signals.