AlbashafFX | Reversal Bar on Demand Zone, HeadShoulder Expected
Updated
As you can see on the daily chart, the price currently strunggling to break our Demand Zone,
A key Reversal Bar spotted on the Daily Chart indicating the Bulls hasn't leave yet.
Our most likely Scenario are the price will rise again to our supply Area forming Head and Shoulder Pattern, and then there will be enough confirmation for us to take our Short Trade.
If the Price broke our Demand Zone, the Uptrend Structure will be violated, and then we will be looking for Short Oppurtunity on retest to our Demand Zone turn Supply.
A key Reversal Bar spotted on the Daily Chart indicating the Bulls hasn't leave yet.
Our most likely Scenario are the price will rise again to our supply Area forming Head and Shoulder Pattern, and then there will be enough confirmation for us to take our Short Trade.
If the Price broke our Demand Zone, the Uptrend Structure will be violated, and then we will be looking for Short Oppurtunity on retest to our Demand Zone turn Supply.
Note
The Price recently broke our low of 21 June, indicating strong selling pressure.Invalidating our Double Bottom Setup, what im looking for now is the price to retrace into my enty position, and close this trade.
There's still possibility that the price will reverse and Completing our Head n Shoulder Pattern, if the price successfully jump out of our Demand Zone,
The Choice is up to you Traders.
Trade Cautiously,
Stay Safe, Stay Green Brother,
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