A nice head and shoulder formation with a retest of the slant neckline before heading down. Trade this set up at your own risk.
From the above chart we can see what seems to be a Head&Shoulder pattern with a double Tops Head. This seems to be a very strong reversal formation and also considering the fact that the only time the 0.9200 Support (round number) was briefly broken was far back in 15th January 2015. After Price recently traded under 0.9200 (acting as resistance) for 8 weeks,...
The the chart we can see a clear reversal pattern (Double Top) formed, and also a break through the up trend support that has held for days. We see that Price is about testing the 0.66177 horizontal support, at this level, I'm expecting a little rejection to the upside before finally breaking breaking through the horizontal support to the downside. We can make...
From the chart we can clearly see a reversal pattern formed ( Double Top), and also a break through the up trend support that has help for a long period. As clearly seen, price is about testing the 0.66177 horizontal support. At this level, I'm expecting a little rejection to the upside before finally breaking through to the downside. We can make our entry with...