Hi Traders
Price has formed an inverted Head & Shoulder pattern on the 4H TF,price has broken the neckiline what is expected is follow through of price to head higher,price has managed to close above the 25 & 50 EMA, TP is projected slightly below the previous high my SL is below the 78.6 fib retracement & below the right shoulder.
Price has formed an inverted Head & Shoulder pattern on the 4H TF,price has broken the neckiline what is expected is follow through of price to head higher,price has managed to close above the 25 & 50 EMA, TP is projected slightly below the previous high my SL is below the 78.6 fib retracement & below the right shoulder.
Trade closed: stop reached
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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.