Hi dear traders
As you saw in the previous analysis in 4H time frame , the price broke the bearish wedge and came back to retest.
Now you can see in 1H time frame, the price dropped to the support area of 0.3855 and we can expect H&S pattern.
After breaking the neckline, I expect the price to go down to the support area of 0.3737, which is the first target.
If the price tests the support area (0.3855 ) as resistance, the price will bounce back to the 0.3512 support area.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
As you saw in the previous analysis in 4H time frame , the price broke the bearish wedge and came back to retest.
Now you can see in 1H time frame, the price dropped to the support area of 0.3855 and we can expect H&S pattern.
After breaking the neckline, I expect the price to go down to the support area of 0.3737, which is the first target.
If the price tests the support area (0.3855 ) as resistance, the price will bounce back to the 0.3512 support area.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Note
Breakout doneTrade active
Note
Tp1 0.3737 hit 🎯Note
Now the price is going to test support as resistance, if not breakout, then fall to support area near 0.355
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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.
Related publications
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.