Inverted Head and Shoulders Pattern
Updated
Looking at lower times frames, like the 4H, 1H, or 30 Minute charts, look for buy signal to enter market. As with head and shoulder patterns, looking at a profit range equal to distance between head to neckline.
Note
Price has broken through resistance level set at 1.72998 and is showing strong momentum. TP set at 1.76279 level.
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.