H & S might be forming to take us to retest 0.618 and maybe lower supports.
SRSI,MACD and RSI Looking good for another test lower.
If H & S works target is blue arrow.
0.618 (red arrow) is a nice region to put long orders with wide stops if we hold and continue higher.
Invalidation if we close above 200MA on the 2H.
Thank you for reading my analysis, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
SRSI,MACD and RSI Looking good for another test lower.
If H & S works target is blue arrow.
0.618 (red arrow) is a nice region to put long orders with wide stops if we hold and continue higher.
Invalidation if we close above 200MA on the 2H.
Thank you for reading my analysis, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Comment:
Feel free to ask anything on the comments
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Joined 2 year ago but i never posted anything ,this is my first post hope you find it interesting :)
Comment:
Trade invalidated a 2H candle closed above 200MA