Hey trader, I hope you're having a profitable week and ready for NFP!
As you can see, the price is bullish running in the double bottoms L2 and above the bullish crossed short-term MA's. It is preparing to rally for the patterns L3 and 200 MA (that is not visible here but on my MT4 chart). We'll get the confirmation once the price has bullishly closed and retested above the Daily H&S Neckline and 8 MA. However, our signal can be rejected because the price previously bullish broke and didn't retest the 1st Monthly Key Lvl, Mini Weekly H&S Neckline together with the 50 and 21 MA's; which gives us a bearish target that the price might anticipate.
With that in mind, take the trades at your own risk. This is not financial advice; I'm just sharing my point of view. If you decide to take the trade and lose, do not blame me but yourself!
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section below or in private, I'd love to know your thoughts and connect ;-)
Stay Blessed Baby,
Sphatrades.
As you can see, the price is bullish running in the double bottoms L2 and above the bullish crossed short-term MA's. It is preparing to rally for the patterns L3 and 200 MA (that is not visible here but on my MT4 chart). We'll get the confirmation once the price has bullishly closed and retested above the Daily H&S Neckline and 8 MA. However, our signal can be rejected because the price previously bullish broke and didn't retest the 1st Monthly Key Lvl, Mini Weekly H&S Neckline together with the 50 and 21 MA's; which gives us a bearish target that the price might anticipate.
With that in mind, take the trades at your own risk. This is not financial advice; I'm just sharing my point of view. If you decide to take the trade and lose, do not blame me but yourself!
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section below or in private, I'd love to know your thoughts and connect ;-)
Stay Blessed Baby,
Sphatrades.
