Heads and shoulder on 4h !
supports at 121.34-38 area might meet the price when the london exchange opens, while RSI on 15 min will then indicate overbought.
possible short @ 121.32, SL 121.85, TP 120.01/119.05 depending on your risk appetite
RR 1:2.42/4.26 respectively
alternatively a break above 121.86 will see me look for dips to go long
supports at 121.34-38 area might meet the price when the london exchange opens, while RSI on 15 min will then indicate overbought.
possible short @ 121.32, SL 121.85, TP 120.01/119.05 depending on your risk appetite
RR 1:2.42/4.26 respectively
alternatively a break above 121.86 will see me look for dips to go long
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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.