Hi all, Here we have a chart pattern on the 1Hour time frame of a head and shoulders, looks like the bull run is coming to an end and a good position to enter when the neckline is broke.
USD news today were worse than expected.. what do u think its going to play now?
TradingwithL
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@solemnFalcon26764, I'm not a financial expert, I've only been trading a few month of chart analysis and watching a certain few traders. Maybe give it a few days, next week maybe just to see which way the market goes give it time to react, what's your opinion?
WicktatorFX
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Hey, great chart!
Good job identifying the key levels. Try moving up to the 4h and see if you can find any obvious key levels where price reacted.
I find that the 4h 50EMA holds more value than the 1H..
Let me know how you get on 👍🏼
TradingwithL
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@Wicktator, thank you, will definitely take this on board 👌👍