BTCUSD in head & shoulders !
Updated
BTCUSD : CMP 42940
trade setup:
sell below 40000 price zone
based on H&S pattern setup
keeping 46800 as stop loss on closing basis
for targets : 35337 / 29161 / 19156
technical set up :
1. head & shoulder bearish pattern setup
2. long term support breakdown
3. higher volume in sell candle & low during buying
note :h&s is a continuation pattern before selling see the volume on higher side to initiate trades
trade setup:
sell below 40000 price zone
based on H&S pattern setup
keeping 46800 as stop loss on closing basis
for targets : 35337 / 29161 / 19156
technical set up :
1. head & shoulder bearish pattern setup
2. long term support breakdown
3. higher volume in sell candle & low during buying
note :h&s is a continuation pattern before selling see the volume on higher side to initiate trades
Note
38255 lowNote
36082 lowNote
35600 lowNote
24970 lowNote
23501Note
22560Note
21026Note
20859 low todayTrade closed: target reached
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