I was looking to short this pair last week; however, price moved high quickly and dropped shortly after making a H and S pattern. Currently the right shoulder could be in the process of being completed. I am looking to short and entered in as shown on the chart. Bearish divergence can also be seen on the RSI. I am expecting a large move down.
Kommentera
Price is trading near the potential H and S neckline, looking to add if it rejects...
Kommentera
Still hovering in that area...
Kommentera
Closed my trade for a loss, possible inverse H and s S forming which could help price move north. I am going to keep an eye on this.
Kommentera
Inverse H and S played out and pushed price much higher
Kommentera
Price has not really broken out of this consolidation area yet
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.