The price seems to be forming the head and shoulders pattern.
We expect the bounce from the current level and the right shoulder development.
Enter the short once the price forms the right shoulder and break the support.
MACD looks bearish as we have had the bearish cross on 4h timeframe which confirms our bearish bias.
Target is shown on the chart.
We expect the bounce from the current level and the right shoulder development.
Enter the short once the price forms the right shoulder and break the support.
MACD looks bearish as we have had the bearish cross on 4h timeframe which confirms our bearish bias.
Target is shown on the chart.
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