Monthly: Price appears to be forming the right shoulder of a H&S pattern. After the previous bearish leg formed, price has failed to break the 0.382 level of the fib retracement. Since price hasn't broken the level, I expect price to go to the downside (support level) to complete the H&S pattern.
Weekly: A bearish candle just close. Price is currently bearish and I expect it to continue bearish.
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Weekly: A bearish candle just close. Price is currently bearish and I expect it to continue bearish.
Pls like & follow if you find this helpful. Thanks :)
Trade closed: target reached:
TP hit after two months. H&S pattern complete. Price is at the 200 EMA. Price might go ahead to the monthly support level.