Buy indicators: Break of downtrend channel + retest. formation of H&S pattern + break of the neckline. Over MA(125).
After consolidating and then breaking of structure, the price came back to retest the support and potentially try to reach new heights
We observe a clear uptrend structure. creation of higher highs and higher lows Now, it has broken through a big resistance level and now is trying to retest it as a support level. There is also a clear and respected trendline.
Confluence of sell signals: +broke out of the channel and now is retesting a resistance level +under the 20 EMA +creation of wicks around the resistance level +from March to April: the creation of LL and LH +uncertainty about the value of USD
Major resistance line + on the verge of being overbought(RSI). First and foremost, need to wait to see if the price is going to be rejected from this line before possible opening a short position.
Divergence + smaller size candles which means exhaustion on the buyer side + overbought
Flag pattern + broke out from the channel , now it is retesting the upper resistance before taking off.
If the price breaks the neckline of the inversed head and shoulder pattern, we can aim for the upper key level zone.
H&S pattern almost created and it is close to a global support level. It would be great to wait to break it and then open a short position. Please do give your opinion if you have one about my idea. I am all ears :)
Just throwing my idea to you guys in order to have feedback on whether you approve of it or have any comments about it . :)