Based on the pattern being a Head & Shoulders pattern
Almost at the fib 61.8 resistance line
Lower highers and lower lows
Will be shorting and TP is completing the right shoulder. Next TP is will be the 161.8 fib extension level which will bring the second trades stop loss at break even.
Happy trading!
Almost at the fib 61.8 resistance line
Lower highers and lower lows
Will be shorting and TP is completing the right shoulder. Next TP is will be the 161.8 fib extension level which will bring the second trades stop loss at break even.
Happy trading!
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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.