happy first of the month!! hope we all have profitable months :)
so here it goes...
- on the daily market closed below the downward trendline yesterday
- down to the H4 a bearish engulfing formed closing two previous bullish candles
- a head and shoulder pattern formed which is more clearer on the H1
- entry could have been taken at the london open where the right shoulder formed
- but now we WAIT for a breakout of the neckline and depending on how aggressive your entries are you can enter at the immediate breakout or wait for a retest of the neckline
- and just like every other trade I DO NOT KNOW WHAT WILL HAPPEN NEXT, i'll just act on my edge and SEE WHAT HAPPENS
so here it goes...
- on the daily market closed below the downward trendline yesterday
- down to the H4 a bearish engulfing formed closing two previous bullish candles
- a head and shoulder pattern formed which is more clearer on the H1
- entry could have been taken at the london open where the right shoulder formed
- but now we WAIT for a breakout of the neckline and depending on how aggressive your entries are you can enter at the immediate breakout or wait for a retest of the neckline
- and just like every other trade I DO NOT KNOW WHAT WILL HAPPEN NEXT, i'll just act on my edge and SEE WHAT HAPPENS