-The daily chart is showing a Head and shoulders pattern, with the right shoulder complete, as indicated by the last daily close.
- H4 is also showing a Head and Shoulders Pattern with the right shoulder complete. Additionally, Price reached a major supply zone (Circled areas) and fell, forming a head pattern and a lower high.
- Price has formed a lower high and lower low on H1, and the last candle's close was an inverse bearish pin bar.
Risk - 40 pips
Reward - 159 pips
- H4 is also showing a Head and Shoulders Pattern with the right shoulder complete. Additionally, Price reached a major supply zone (Circled areas) and fell, forming a head pattern and a lower high.
- Price has formed a lower high and lower low on H1, and the last candle's close was an inverse bearish pin bar.
Risk - 40 pips
Reward - 159 pips
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.