Price has a clear bearish pattern.
Head and shoulders
Retest of neckline and got rejected
Rejection of 50EMA @ 1hr / 30mins
Am expecting price to do a minor pull back to the resistance line and WILL ONLY ENTER when there is bearish candle sticks confirmation near or at resistance.
Take profit @ the support line 0.8496 region
Head and shoulders
Retest of neckline and got rejected
Rejection of 50EMA @ 1hr / 30mins
Am expecting price to do a minor pull back to the resistance line and WILL ONLY ENTER when there is bearish candle sticks confirmation near or at resistance.
Take profit @ the support line 0.8496 region
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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.