Some bullish sentiment coming in after Wed but by Thursday night price dumped again and now forming a channel with divergence . I am still keen to short but this time bullish has a reason to go long with the inverted head and shoulders.
The crucial level will be 2669 for me and I am looking for a min. h4 candle close to reenter short. A close below this means the inverted head and shoulder becomes invalidated and hence giving the legitimacy to rejoin this bearish trend. I will be looking for 1.2500 this time for TP
trade no good if it closes back above the neckline
The crucial level will be 2669 for me and I am looking for a min. h4 candle close to reenter short. A close below this means the inverted head and shoulder becomes invalidated and hence giving the legitimacy to rejoin this bearish trend. I will be looking for 1.2500 this time for TP
trade no good if it closes back above the neckline