After seeing price come into the premium of the daily structure and a strong level of daily support we are now seeing an inverted head and shoulders pattern, which can be seen on the daily and 4h timeframes.
If we see a daily candle break and close above the orange resistance zone (which is also the neckline of the inverted head and shoulders pattern) then i will be looking for price to come back to retest the neckline to target the daily HH (1.8400)
If we see a daily candle break and close above the orange resistance zone (which is also the neckline of the inverted head and shoulders pattern) then i will be looking for price to come back to retest the neckline to target the daily HH (1.8400)
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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.