Ton: Neckline Break Could Open Path to 1.74Hi!
Market Structure:
Price has broken the main descending trendline and is now forming an inverse head and shoulders pattern. The right shoulder is developing while price is testing the neckline resistance zone.
Key Level to Watch:
The neckline area around the mid 1.50s is the decision point. A confirmed breakout and hold above this zone would signal strength from buyers.
Trade Scenario:
If the neckline breaks and holds → Long momentum likely accelerates.
Target Price:
🎯 1.74 (measured move from the inverse H&S structure and prior resistance zone)
Risk Note:
Failure to break the neckline could lead to a short-term pullback or consolidation before another attempt.
Main Idea:
Neckline breakout = Long opportunity toward 1.74.
