Dear friends,we see NEOUSD having formed a beautiful inverse head and shoulders pattern right at the 05 Fib level.The recent dip to 65 which is the 0.786 Fib level seems to be the lowest point this baby intended to go to.
For it to confirm price reversal,we need the price to break above the neckline at 111.8 and close above the immediate former resistance at 119.6.
This will confirm a bullish run with a target of 168.9.
Enjoy!
For it to confirm price reversal,we need the price to break above the neckline at 111.8 and close above the immediate former resistance at 119.6.
This will confirm a bullish run with a target of 168.9.
Enjoy!