Short it now. very good RRR
buyers been trying to push the rate up for 4 times but each time get weaker. Now support is failed it's sellers territory.
Breaking out of channel and resistance level.
It's making higher low. High probability to break this wedge and retest the previous top.
channel formed and found support at bottom TL. enter trade in a smaller TF.
Daily candle will be closing with a pin bar which is a pretty good long signal. The cypher pattern is now possible to complete.
Daily pin bar failed. Let see where it's going to.
Think about it. How long the price has been consolidate within the triangle. Does the momentum generated only worth 27 dollars gain?
between 0.5 & 0.618 retracement tested. H1 bull engulfed candle. I'm setting buy limit with small SL to see.
on larger tf. Will it complete a H&S pattern? What you think.
Yes. It's a clean breakout but it didn't escape the channel. It's possible to fall back in to triangle structure and continue trade within the channel.