This asset just formed head and shoulders on the Daily time frame. If price breaks out of the support of this pattern and the nearby diagonal support, a sell trade can be taken on retest around the marked area(red triangle). If the patterns get invalidated, either in the interim or permanently, a buy trade can be taken when the local resistance marked (green) turned support.
Trade closed: target reached
tradingview.com/chart/FcLKVu3B/
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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.