Price action is bearish overall -> Multi-timeframe analysis
Head & Shoulders pattern currently present.
1st Sell entry is in profit and stop has been moved to B/E.
2nd entry has been initiated with stops above M30 resistance / Structure.
Target is Daily Demand Zone.
Head & Shoulders pattern currently present.
1st Sell entry is in profit and stop has been moved to B/E.
2nd entry has been initiated with stops above M30 resistance / Structure.
Target is Daily Demand Zone.
Comment:
Both entries deep in profit now. H4 demand / Significant support broken. Target is Daily Demand Zone.