let's get into practical details without any bullshit in the beginning...
We have some really amazing targets starting with 22750, then 23000, and the last station of testing the all-time high at the level of 24000, but that's not our topic for now, let's take it easy... step by step.
We have a bearish trend since FEB2020 on the D1 chart, the price tried to break it many times without a result. but now, we're almost ready to test it one more time with two amazing structures on the H4 & H1.
Generally, we have H&S on the H4 chart and it was ready to test the neckline when it made a double-bottom formation on H1 chart, so now it's a great position to open a trade with some small targets in the beginning.
Firstly, we are gonna long JP225 with a sl below the bottom in order to test the neckline. 22450 will be a good support to put under consideration when we are attacking the neckline.
Secondly, in case of having a successful H&S, we will wait for the confirmation on the H1 to long it again to test the general down-trend. 22750 will be a good support to put under consideration when we are attacking the trendline.
Thirdly, in case of breaking the resistance, we will fly without mercy to test the all-time high at 24000
I'm following it with you daily to keep you up to date.
Chiao!