Hey trader,
As you can the price is currently bullish running in the head and shoulders accumulation phase, and above the 50 and bullish crossed short-term MAs. The pattern expects a 3-level uptrend, and the MAs expect a retest/bounce on the 200 MA (that's visible on the MT4 chart) as well as the short-term MAs trend. This bias will be fully confirmed once the price has bullishly broken and retested the 1st 4H Key Lvl. If the price rather decides to dramatically bearish break and retest the Mini 4H Half a Bat Neckline together with the 50 and 21 MAs, our bias will be rejected.
With that in mind, do not take the trade because this is not financial advice. I'm just sharing my views. You also can do the same in the comments section below. I'd love to know your thoughts!
That's it for today. I hope you found value in this article. If you want to see more similar content, click the articles listed below.
Stay Profitable,
Sphatrades.
As you can the price is currently bullish running in the head and shoulders accumulation phase, and above the 50 and bullish crossed short-term MAs. The pattern expects a 3-level uptrend, and the MAs expect a retest/bounce on the 200 MA (that's visible on the MT4 chart) as well as the short-term MAs trend. This bias will be fully confirmed once the price has bullishly broken and retested the 1st 4H Key Lvl. If the price rather decides to dramatically bearish break and retest the Mini 4H Half a Bat Neckline together with the 50 and 21 MAs, our bias will be rejected.
With that in mind, do not take the trade because this is not financial advice. I'm just sharing my views. You also can do the same in the comments section below. I'd love to know your thoughts!
That's it for today. I hope you found value in this article. If you want to see more similar content, click the articles listed below.
Stay Profitable,
Sphatrades.
