bearish Head and shoulders pattern , wait for confirmation
Updated
We had a bullish trend in 1H chart.
But this trend broken by head descent.
Now we can sell at right shoulder after see some bearish pattern in 15 min chart.
Entry = about 1322 (right shoulder)
Stop = 1326.2 (above of head)
Target 1 = 1318 (Neckline)
Target 2 = 1314-1315 (Support zone)
But this trend broken by head descent.
Now we can sell at right shoulder after see some bearish pattern in 15 min chart.
Entry = about 1322 (right shoulder)
Stop = 1326.2 (above of head)
Target 1 = 1318 (Neckline)
Target 2 = 1314-1315 (Support zone)
Note
Possible bearish bat pattern at 15 min chart for confirmationEntry point = 1322 at Fib 88.6 of X-A
Order cancelled
Bat pattern was failed, but head & shoulder may be work.This trade was canceled for me.
Note
Head & shoulder works but I didn't get any confirmation to take action.
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