possible long and short scenario
After the formation of the Head and shoulder price has drop nicely and appears to have gained a short term support. However prices are on the move to a confluence zone where we have a falling trendline intersecting a horizontal resistance level at around 0.85 and 0.854.
We will be waiting for a possible 2 base case scenarios and act accordingly based on the information of price action that will be generated at this confluence zone. A daily close above the confluence level will probably trigger a move up.
Alternatively, a bearish price action around the confluence zone will put the bears in charge.
Happy trading
We will be waiting for a possible 2 base case scenarios and act accordingly based on the information of price action that will be generated at this confluence zone. A daily close above the confluence level will probably trigger a move up.
Alternatively, a bearish price action around the confluence zone will put the bears in charge.
Happy trading
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.