Hi dear traders
As you saw in the previous analysis in 4H time frame , the price broke the bearish wedge and came back to retest.
Now you can see in 1H time frame, the price dropped to the support area of 0.3855 and we can expect H&S pattern.
After breaking the neckline, I expect the price to go down to the support area of 0.3737, which is the first target.
If the price tests the support area (0.3855 ) as resistance, the price will bounce back to the 0.3512 support area.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
As you saw in the previous analysis in 4H time frame , the price broke the bearish wedge and came back to retest.
Now you can see in 1H time frame, the price dropped to the support area of 0.3855 and we can expect H&S pattern.
After breaking the neckline, I expect the price to go down to the support area of 0.3737, which is the first target.
If the price tests the support area (0.3855 ) as resistance, the price will bounce back to the 0.3512 support area.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Comment:
Breakout done
Trade active
Comment:
Tp1 0.3737 hit 🎯
Comment:
Now the price is going to test support as resistance, if not breakout, then fall to support area near 0.355
