Price retesting resistance area and we are trying to find opportunities to sell.
On stochastic, we see a bearish divergent which indicates a weakness.
However, to jump into sell we need to wait for the price to break the trendline first.
Only after that we look for a setup by waiting for the price to break a small correction or waiting for the potential right shoulder on the head and shoulders pattern.
On stochastic, we see a bearish divergent which indicates a weakness.
However, to jump into sell we need to wait for the price to break the trendline first.
Only after that we look for a setup by waiting for the price to break a small correction or waiting for the potential right shoulder on the head and shoulders pattern.
Trade closed: target reached:
TP1