Head & Shoulders/ Libra Pattern forming.
I am short from .8525, more conservative traders can wait for a neckline break and close, or a break and retest (or 618 pullback) in order for confirmation that bears can take control of the market. Target is the green box structure zone.
I am short from .8525, more conservative traders can wait for a neckline break and close, or a break and retest (or 618 pullback) in order for confirmation that bears can take control of the market. Target is the green box structure zone.
Trade closed: stop reached:
Good thing I moved my stop loss to just above the flag structure on the 1 hour. Stopped out about +15 pips
Discord/Indicators:
launchpass.com/jupiter/babylonians
launchpass.com/jupiter/babylonians
Analysis on the 1 hour. neckline already broken? will the flag have a downwards breakout?