hey traders,
it looks like the breakout above the previous structure high in December was false!
the market was trading about 1 week above 61.0 resistance and then dropped.
Now it looks like the market is forming a classic reversal pattern - head and shoulders pattern.
currently, the price is completing the right shoulder.
I suggest setting the alert below the neckline level.
Being broken it gives us a perfect selling opportunity.
key levels will be 55.55 / 53.0
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.