In the shorterm, we have head and shoulders formation, we can sell from now.
SELL BY MARKET.
SL: 25 pips.
TP: 25. 50. 75 pips.
Close in 5 hr and 10 min.
***Understanding the Head and Shoulders Pattern***
A head and shoulders pattern has four components:
After long bullish trends, the price rises to a peak and subsequently declines to form a trough.
The price rises again to form a second high substantially above the initial peak and declines again.
The price rises a third time, but only to the first peak level, before declining again.
The neckline, drawn at the two troughs or peaks (inverse).1
The first and third peaks are the shoulders, and the second peak forms the head. The line connecting the first and second troughs is called the neckline.
Info by investopedia
See you soon, guys.
Risk: 0.1 by every 1k.
JB.-
SELL BY MARKET.
SL: 25 pips.
TP: 25. 50. 75 pips.
Close in 5 hr and 10 min.
***Understanding the Head and Shoulders Pattern***
A head and shoulders pattern has four components:
After long bullish trends, the price rises to a peak and subsequently declines to form a trough.
The price rises again to form a second high substantially above the initial peak and declines again.
The price rises a third time, but only to the first peak level, before declining again.
The neckline, drawn at the two troughs or peaks (inverse).1
The first and third peaks are the shoulders, and the second peak forms the head. The line connecting the first and second troughs is called the neckline.
Info by investopedia
See you soon, guys.
Risk: 0.1 by every 1k.
JB.-