Weekly Structure - Downtrend
Daily Structure - Downtrend
On 1 hour Time Frame we can see there was a false breakout from the descending trendline (green line) and the price has reverted and created a head and shoulders pattern. Neckline of the H&S has been broken and is now being tested. The price could drop until 0.66100/0.66000 (strong level of support).
TP1 - 0.67500
TP2 - 0.67000
TP3 - 0.66100
SL - 0.68330
R/R - 4.5
Good Luck!!!
Daily Structure - Downtrend
On 1 hour Time Frame we can see there was a false breakout from the descending trendline (green line) and the price has reverted and created a head and shoulders pattern. Neckline of the H&S has been broken and is now being tested. The price could drop until 0.66100/0.66000 (strong level of support).
TP1 - 0.67500
TP2 - 0.67000
TP3 - 0.66100
SL - 0.68330
R/R - 4.5
Good Luck!!!
Comment:
You can move stop loss to break even point.
Comment:
Trade Closed at break event. Markets to volatile right now, however I think trade is still good and will reach the target.