hey traders,
though we have recently seen a bullish breakout of 54.0 level,
and technically the market has violated a bearish trend,
we have a nice potential selling opportunity to trade.
We see a nice rising parallel channel and a head and shoulders pattern formation.
The violation of a neckline will also be a violation of this rising channel.
So for us it is a very good counter trend opportunity to trade.
However, remember. The appearance of the pattern itself does not predict the market movement,
we are looking for a bearish breakout.
your target will be based on structure,
stop above head
good luck!
Trade active
bearish violationNote
Again market is going to a necklineNote
Going downNote
Small pullback
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.