Head and Shoulder Nick Line is Broken
The head and shoulder pattern has been shaped inside the supply zone with some extensions above it. the nick line has been broken on the 4 Hours frame.
Be very careful as the price is touching the 200 simple moving average and may jump out of it towards the Supply Zone again.
I see that there will be a retest of the supply zone and IF a strong price action is created then there will be an opportunity to sell with proper risk management
DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADES
Be very careful as the price is touching the 200 simple moving average and may jump out of it towards the Supply Zone again.
I see that there will be a retest of the supply zone and IF a strong price action is created then there will be an opportunity to sell with proper risk management
DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADES
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.