This was my idea yesterday, I forgot to publish. Obvious H&S breaking the uptrend channel
At $1720 we should see some support and possible scalp up to $1800
Overall still a downtrend until proven otherwise….
Could break $1720 and head straight to $1380,
As we all know the market doesn’t move in straight lines and when it pushes far from the ribbons we usually see a heavy retrace always aiming for .618
$1816, $1850, $1890 are rough estimates if it reaches that high, if not sell for better entry.
Good luck, and have fun with it
At $1720 we should see some support and possible scalp up to $1800
Overall still a downtrend until proven otherwise….
Could break $1720 and head straight to $1380,
As we all know the market doesn’t move in straight lines and when it pushes far from the ribbons we usually see a heavy retrace always aiming for .618
$1816, $1850, $1890 are rough estimates if it reaches that high, if not sell for better entry.
Good luck, and have fun with it
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.