Over the past half year, the price has risen from position 1.078 to position 1.234. This is a very strong growth for this asset. And one could expect that soon the price will stop growing and will correct upward through the fall.
At the same time, at the price high (1.234), a Head and Shoulders pattern is formed. The pattern has formed tops + a clear initial trend. Further, the price should collapse at least by the volume of the previous trend. The first target is 1.188.
Remember, there is no place for luck in trading - only strategy!
Thanks for your likes and comments.
At the same time, at the price high (1.234), a Head and Shoulders pattern is formed. The pattern has formed tops + a clear initial trend. Further, the price should collapse at least by the volume of the previous trend. The first target is 1.188.
Remember, there is no place for luck in trading - only strategy!
Thanks for your likes and comments.