BTCUSD H & S - Short to $45,000 then long to $58,000
Updated
Here is an inverse head and shoulder pattern indicating a short sell to $45,000 and a long buy to $58,000.
Also, we can see more than one signal confirming this.
First, we can see a double top (M pattern) in play with price reacting to it's pattern.
Secondly, we can see a downward trendline breakout at $48,700 and a pullback in play, which proves a sell order.
Lastly, it's the inverse head and shoulder pattern confirming this.
What do you think?
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Not Financial Advice💸
Use Proper Risk Management💹
Thank you for your support!💓
NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills or have access to VIP, DM me.
Also, we can see more than one signal confirming this.
First, we can see a double top (M pattern) in play with price reacting to it's pattern.
Secondly, we can see a downward trendline breakout at $48,700 and a pullback in play, which proves a sell order.
Lastly, it's the inverse head and shoulder pattern confirming this.
What do you think?
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Follow me to receive more updates on this pair🤙
Happy Trading💰🥳🤗
Trading Involves High Risk⚠️
Not Financial Advice💸
Use Proper Risk Management💹
Thank you for your support!💓
NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills or have access to VIP, DM me.
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UPDATE!!
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