The neckline of this H&S pattern has finally snapped.
Daily 50ema and trend line has currently stopped price in it tracks.
Further short positions can be taken upon a retest of the neckline.
When price breaks the Daily 50ema, this thing will fall out of the sky!
Plenty of downside to catch in my opinion.....
Instagram: thetraveltrader (instagram.com/thetraveltrader/)
Twitter: Fx_ollie (twitter.com/fx_ollie)
Daily 50ema and trend line has currently stopped price in it tracks.
Further short positions can be taken upon a retest of the neckline.
When price breaks the Daily 50ema, this thing will fall out of the sky!
Plenty of downside to catch in my opinion.....
Instagram: thetraveltrader (instagram.com/thetraveltrader/)
Twitter: Fx_ollie (twitter.com/fx_ollie)
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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.