Price started to form what could become a H&S - Pricepattern
On the 60M we see that the second Shoulder comes in form of Double Top. Not yet confirmed since the SwingLow of the DT is not yet broken but price gave us a CandlestickPattern on the second top. Since we are at major Resitance of higher timeframes I see an edge on the trading diection => short wich could complete the H&S and then privde further opportunity.
1. Short on speculating on a neck break of the H&S
2. Long on candlestick pattern at Support on the 60M, speculating that price bounces back to the neck line
3. Short again on the neck line speculating on a continued trend
4. Second short entry possibility on ShouldersRessitance
On the 60M we see that the second Shoulder comes in form of Double Top. Not yet confirmed since the SwingLow of the DT is not yet broken but price gave us a CandlestickPattern on the second top. Since we are at major Resitance of higher timeframes I see an edge on the trading diection => short wich could complete the H&S and then privde further opportunity.
1. Short on speculating on a neck break of the H&S
2. Long on candlestick pattern at Support on the 60M, speculating that price bounces back to the neck line
3. Short again on the neck line speculating on a continued trend
4. Second short entry possibility on ShouldersRessitance