Possible Head and Shoulder play, in daily OB and CME tapped as head. Strong move down with respect of FVG. Forming possible Right shoulder
Aggressive entry:
Possible Right Shoulder forming at Resistance, OTE, respecting bearish FVG.
First TP at neckline
Safer entry:
Wait for retest of neckline for confirmation to enter more safe trade, but watch out for FVG below, first TP and move SL to BE there
Aggressive entry:
Possible Right Shoulder forming at Resistance, OTE, respecting bearish FVG.
First TP at neckline
Safer entry:
Wait for retest of neckline for confirmation to enter more safe trade, but watch out for FVG below, first TP and move SL to BE there
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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.