What we can see on the chart is the head and shoulders formation, which is bearish, therefore, we are expecting a breakdown.
Target for this pattern is shown on the chart.
Stop loss should be placed above the right shoulder.
Enter short position only if the price breaks the neckline.
Good luck!
Target for this pattern is shown on the chart.
Stop loss should be placed above the right shoulder.
Enter short position only if the price breaks the neckline.
Good luck!
💥 Free signals and ideas ➡ t.me/vfinvestment
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Free signals and ideas ➡ t.me/vfinvestment
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.