We can clearly see an inverted head and shoulders formation and a break and retest of the neckline. Now, what we can expect is a little retracement to continue with the upwards momentum to my target at 1.20119
Remember, after we have a H&S formation, we can expect at least for price to imitate the distance between the top of the head and the neckline. in this case that distance will provide us with necessary trajectory to reach our target.
Have a joyful trading week!
Remember, after we have a H&S formation, we can expect at least for price to imitate the distance between the top of the head and the neckline. in this case that distance will provide us with necessary trajectory to reach our target.
Have a joyful trading week!