Hi traders!
On the chart we can see inverted head and shoulders pattern. Currently the price is retesting the neckline. We expecting the price will break the resistance. The long position can bee taken once we get a successful break of the neckline.
The technical target for this formation is at 113$ .
Stop loss should be placed below the right shoulder.
On the chart we can see inverted head and shoulders pattern. Currently the price is retesting the neckline. We expecting the price will break the resistance. The long position can bee taken once we get a successful break of the neckline.
The technical target for this formation is at 113$ .
Stop loss should be placed below the right shoulder.
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