With Price objective for Ascending channel achieved (previous post), in an uptrend and pair not far from major resistance, suddenly a potential H & S pattern is up with price objective (deep retracement to the upper channel trend line). In addition somewhat like a double bottom continuation too. Well could be a tricky one so I have 2 scenarios lined up. Price and neckline will be decisive factors here. So wont jump into quick conclusion. I wait for further play from price to follow.
*IntraDay - ITD
Target - T
*IntraDay - ITD
Target - T
Kommentar:
First target reached to the downside. Watching play at this level. Break level, I take a quick scalp to Price objective for H & S pattern. Or i wait for a bounce and a good rentry.
Trade geschlossen: Ziel wurde erreicht:
Target for Head and Shoulders Pattern reached.