XAUUSD
Head and Shoulders pattern in the making?
The right shoulder will be formed at 61.8% Fib level.
50 EMA might provide additional resistance.
Possible 1:6 RRR. If shorted at that shoulder.
Hope for the best.
What do you think?
Head and Shoulders pattern in the making?
The right shoulder will be formed at 61.8% Fib level.
50 EMA might provide additional resistance.
Possible 1:6 RRR. If shorted at that shoulder.
Hope for the best.
What do you think?
Comment:
Price may form the right shoulder at 50% fib level and bounce from there. Evident through the rejections.
Trade closed: target reached