there is a potential head and shoulders pattern,
if right shoulder is formed, price breakout neckline and backtest(orange zone)
I'll consider placing bearish order but only if bearish signal appears,
could be bearish engulfing, evening star... so on
Entry: organeorange
SL: right shoulder's H
TP: upper edge of demand zone which is at 0.5693
all are personal opinions, not investment advice!
if right shoulder is formed, price breakout neckline and backtest(orange zone)
I'll consider placing bearish order but only if bearish signal appears,
could be bearish engulfing, evening star... so on
Entry: organeorange
SL: right shoulder's H
TP: upper edge of demand zone which is at 0.5693
all are personal opinions, not investment advice!