Time = 1H
– Structure = Uptrend
– Pattern = head & Shoulders
– Tendency = Downtrend
**** Wait for a reliable confirmation if you trade on 1hr;
Confirmation 1; Price creates RS and then retraces.
Confirmation 2; Price breaks the support, then pullbacks and continues Downtrend
Time = D
– Structure = Downtrend
– Pattern = Double tops
– Tendency = Downtrend
GOOD LUCK
-----------------------
Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
– Structure = Uptrend
– Pattern = head & Shoulders
– Tendency = Downtrend
**** Wait for a reliable confirmation if you trade on 1hr;
Confirmation 1; Price creates RS and then retraces.
Confirmation 2; Price breaks the support, then pullbacks and continues Downtrend
Time = D
– Structure = Downtrend
– Pattern = Double tops
– Tendency = Downtrend
GOOD LUCK
-----------------------
Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
