Very important 1.55 level seemed to hold and nice H&S pattern is forming (check 1H chart). The D point of the potential Gartley pattern has not been reached (which was my ideal short entry point), but as 1.55 is so important it is not really a surprise. Go short on H&S neckline break (blue horizontal line) or wait for the trend line break wich will be additional confirmation. Set stop loss above the recent highs. The target is initialy 1.503 - a decent support.
Happy trading!
Happy trading!
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.
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.