Target - Sell / Short
Reasons: Head & Shoulders pattern on the daily timeframe, price is making a pullback on the neckline. Fail Engulf setup can be found on the neckline. Maximum take profit zone would be above the bullish engulfing zone below which is making a Rally-Base-Rally formation.
Trade at your own risk!
Reasons: Head & Shoulders pattern on the daily timeframe, price is making a pullback on the neckline. Fail Engulf setup can be found on the neckline. Maximum take profit zone would be above the bullish engulfing zone below which is making a Rally-Base-Rally formation.
Trade at your own risk!