BieyFahmi

BieyFahmi

H1 inverted H&S formed in the contracted triangle.Neckline acted as resistant has been tested thriceand still hold up.To complete the contracted triangle the neckline should be broke and tested the upper trendline. With that completed, bullish flag pattern will be formed. My personal opinion is the Bull will take over.

BieyFahmi

After completed the Inverted H&S and its pull back, UJ price is pulled back into the bearish flag pattern. there are signals in the form of candlestick pattern that Bear is taking over.

BieyFahmi

Price has broke down trendline. It seem all the signal for sell.

BieyFahmi

Currently price is at H4 resistant that act as the neck line of the previous H&S.There is higher chances the pullback would play out and retest the major trendline (uptrend).Bull has shown weaking in the lower time frame.There is lower chances for the price to retest the downtrend trendline given that NFP is negative.It could forming inverted H&S as drawn in the...

BieyFahmi

Currently the pruce is sitting in the support zone. Expected the price blwill bound up to continue uptrend.