Double-top forming on H4.
Price formed a H&S pattern on H1 before breaking through trend support.
On M15 price has retested the support and shown rejection.
Waiting for bearish engulfing and for double bottom to be broken as confirmation for entry.
SL placed at support of rightmost shoulder also at last swing high.
TPs placed at next support levels.
Price formed a H&S pattern on H1 before breaking through trend support.
On M15 price has retested the support and shown rejection.
Waiting for bearish engulfing and for double bottom to be broken as confirmation for entry.
SL placed at support of rightmost shoulder also at last swing high.
TPs placed at next support levels.
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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.