XRPUSD Appears Head and shoulder Pattern
Hi traders,
Looking at Chart D1, We see a Head and shoulder pattern with the right shoulder formed, the pattern is confirmed when the price break the neckline
Looking at Chart H4, We see price movement in the price channel and is approaching the lower band
Strategy: Short when price breaks the neckline. However, it is a dynamic trader may consider making a short order at the right shoulder area and set SL at the top of the right shoulder
Goodluck,
Looking at Chart D1, We see a Head and shoulder pattern with the right shoulder formed, the pattern is confirmed when the price break the neckline
Looking at Chart H4, We see price movement in the price channel and is approaching the lower band
Strategy: Short when price breaks the neckline. However, it is a dynamic trader may consider making a short order at the right shoulder area and set SL at the top of the right shoulder
Goodluck,
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