A potential head and shoulders formation.
Pair retraced to a major support trend line.
3 possible scenarios on the card :
A breakout of the double bottom formation will trigger sells .
Current scenario is we are expecting the current minor trend to test a resistance which could turn to a h&s neckline.
Last scenario will be the breakout of the neckline and a retest for entry which could trigger price around 63000
Pair retraced to a major support trend line.
3 possible scenarios on the card :
A breakout of the double bottom formation will trigger sells .
Current scenario is we are expecting the current minor trend to test a resistance which could turn to a h&s neckline.
Last scenario will be the breakout of the neckline and a retest for entry which could trigger price around 63000