15 MINUTES TF INVERSE HEAD AND SHOULDER REVERSAL SIGNAL
I see a correction to the upside. On 1HR I see Inverse head and shoulder structure appearing or forming. On friday, this pair closed with a bullish pinbar on 1hr TF. On 4HR I see 2 doji candles at support signalling more upmove.
Don't miss this short opportunity We wait for price to push up to our supply zone & we look for a sell signal. No Buy trade here guys!
On EURGBP, price is at weekly supply zone (see chart below). On 4hr TF, we can see 2 supply zones (marked in yellow) nested in our weekly supply zone. On last Thursday, price tested the first supply zone and rejected it with a bullish pinbar on 4hr TF. Price rallied back up again and tested same zone and rejected it once again forming what looks like a double top...
We took advantage of the move up from the bottom on the 09 May and 95pips TP hit yesterday. Now 1hr supply zone has been removed, our trading plan is to wait for price to drop down to 1hr demand zone (see chart above) which is also 50% weekly pinbar retracement zone (see chart below). We will aim for 71 pips move up once price gets to our buy zone as 1st TP. I...