I see a breakout from ascending wedge.
I see a retest of the breakout forming a Head and Shoulders pattern in the One Hour.
The blue arrows are representing selling pressure.
The green circle indicates a break of structure to the downside.
Bearish.
Fibonacci levels are being hit in the breakout area (Supply)
For these reasons
I am looking for price to retest the second breakout the green circle and show a bearish signal.
Then I will enter short position.
I see a retest of the breakout forming a Head and Shoulders pattern in the One Hour.
The blue arrows are representing selling pressure.
The green circle indicates a break of structure to the downside.
Bearish.
Fibonacci levels are being hit in the breakout area (Supply)
For these reasons
I am looking for price to retest the second breakout the green circle and show a bearish signal.
Then I will enter short position.
Trade closed manually:
This was a funny one. Totally off but still entered a short at my 1.00164 Resistance.