What we can see in the chart is a head and shoulders pattern. Once the price breaks down the neck line than the pattern can be considered validated.
Take profit when the price reaches the target. The targets are shown on the chart. Enter the short position only if/when the price breaks down the neckline of the head and shoulders pattern.
Take profit when the price reaches the target. The targets are shown on the chart. Enter the short position only if/when the price breaks down the neckline of the head and shoulders pattern.
Trade active:
As expected, the price is going down
Trade active:
Good progress. Target 1 reached.
Comment:
Target 2 reached. Take profit and wait for target 3!
Trade closed: target reached:
All target reached. Congratulations!
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