Pattern Detected:
i. Bearish Channel (abcde)
ii. Inverse Shoulder head and Shoulder formation in progress.
Momentum Indicator forming higher low with possible hidden Bullish divergence in view.
Approximate target for ISHS is around 208% profit from our Buy zone area.
But close attention must be given to the top of the channel around 330$-345$. If price break through it then the ISHS target will be possible.
If otherwise, then we will likely to have last wave of the channel which is wave (e).
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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
i. Bearish Channel (abcde)
ii. Inverse Shoulder head and Shoulder formation in progress.
Momentum Indicator forming higher low with possible hidden Bullish divergence in view.
Approximate target for ISHS is around 208% profit from our Buy zone area.
But close attention must be given to the top of the channel around 330$-345$. If price break through it then the ISHS target will be possible.
If otherwise, then we will likely to have last wave of the channel which is wave (e).
Join our discussion room for more about our trading signals.
Please do click on like icon and share our idea.
Thanks.
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
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Trade active
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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.
📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Related publications
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.