Hey traders, as we can see there's a potential head and shoulders pattern forming up on the daily. The left shoulder and the head have already been formed. I normally enter at the base of the right shoulder. So we are going to look for a reversal confimation when price drops to the 1.3037 level. Potential targets at 1.15947.
Until next time,
Okay I did this analysis weeks ago. We have a trend continuation opportunity. See how price creates higher lows after the drop to 0.6829s. Resistance held at 0.7750s. We waited for the break above and the pull back to go long. Target 1 at 0.8077 and target 2 at 0.8644.
HAHA!!! HOPE THIS IS A GOOD ONE.
ENJOY YOUR WEEKEND TRADERS
UNTIL NEXT TIME - PLAN YOUR...
So im just trying out my first post. I'm looking to take off profits on only target 1 on this trade. You realize the DOUBLE TOP previously. Market held at that level, dropped and continued with a pullback into the 61.8 FIB RATIO.
I HOPE THIS TRADE IS A GOOD ONE.
UNTIL THEN; PLAN YOUR TRADE, TRADE YOUR PLAN.