Price should be kept below daily swing
Updated
It's hard to tell if we'd go up a bit more🤗
The pair wants to buy but it lost an important level 39000 to keep momentum.
I'd want to sell down to 32 as that's it's last level to hold price up.
At first I saw it going back down but this week I thought weed form a triangle on daily which failed big Time.
The up you saw this week was that expectations or as, one can see a M formation retracement after it done an extensive move.
We'd want to see a continuous move or so of the sort. 37400 holds up buying view to 3800/38200
Anyway it's not easy knowing what's for what In the middle that seems to be an end.
(The shared topic was just explanation as this is for educational purposes only showing you how to entry a trade based on chart patterns
Double tops or bottoms and head and shoulders are turn around patterns
How's it entered (rebound)
For m the start of it will be entry as SL is above highs. For TP it will be the whole length of Body
For an H&$ it's the same. By the base we enter and insert SL above head of pattern Ora's sum do the shoulder.
(A engulfing is a signal for the as it breaks base of both patterns).
Length of head is TP potential.
The pair wants to buy but it lost an important level 39000 to keep momentum.
I'd want to sell down to 32 as that's it's last level to hold price up.
At first I saw it going back down but this week I thought weed form a triangle on daily which failed big Time.
The up you saw this week was that expectations or as, one can see a M formation retracement after it done an extensive move.
We'd want to see a continuous move or so of the sort. 37400 holds up buying view to 3800/38200
Anyway it's not easy knowing what's for what In the middle that seems to be an end.
(The shared topic was just explanation as this is for educational purposes only showing you how to entry a trade based on chart patterns
Double tops or bottoms and head and shoulders are turn around patterns
How's it entered (rebound)
For m the start of it will be entry as SL is above highs. For TP it will be the whole length of Body
For an H&$ it's the same. By the base we enter and insert SL above head of pattern Ora's sum do the shoulder.
(A engulfing is a signal for the as it breaks base of both patterns).
Length of head is TP potential.
Note
1.34090 last TP daily MN 1.3200 is MN bulls last support an important key level.
Daily triangle broke but retraced fast within a day. This was the upwards buying view to continue up to new highs made 1.4200anything higher will go to ol targets 1.43300/1.44_1.50
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