Curve is Likely to Continue Up
Curve prices are charting a classic reversal pattern since August 21. The head and shoulders pattern is a very reliable, and is likely to push prices in the opposite direction to existing trend. Thus, it might be interesting to consider long trades from 0.4780-0.4810, which is the resistance level of the pattern. A retest of this level might be needed to confirm the upside momentum. The target is at 0.5120, the high of August 19. The stop-loss could be set at 0.4590.
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