Last week:
Order didn't go off, no trades were taking on last week chart. No wins, most important no loss ;-)
This week:
Like this set-up:
- Head and shoulders pattern ( after uptrend = reversal )
- right shoulder was formed at 50% fib + zone of resistance + 3rd TL bounce
- MA's crossed to the downside
- MACD shows bearish divergence
Now, we want to see a break of the neckline, and go short. If we miss that entry we can enter on nice price action of the retest of the back of the neckline.
Target 1: 1.485 ( great confluences )
Target 2: 1.46 ( will be reached when we break 1.485 )
Order didn't go off, no trades were taking on last week chart. No wins, most important no loss ;-)
This week:
Like this set-up:
- Head and shoulders pattern ( after uptrend = reversal )
- right shoulder was formed at 50% fib + zone of resistance + 3rd TL bounce
- MA's crossed to the downside
- MACD shows bearish divergence
Now, we want to see a break of the neckline, and go short. If we miss that entry we can enter on nice price action of the retest of the back of the neckline.
Target 1: 1.485 ( great confluences )
Target 2: 1.46 ( will be reached when we break 1.485 )