There is an evident head and shoulder formation. But there is no clear neckline. Price is just continuously squeezing down at the current time. Usually, this calls for a reversal, and look for a bullish short term entry above the white line.
Take a look at my other related ideas as well.
You can clearly see it is a very bullish underlying structure here on the daily chart.
So I would be cautious in shorting further at this level.
Take a look at my other related ideas as well.
You can clearly see it is a very bullish underlying structure here on the daily chart.
So I would be cautious in shorting further at this level.
Comment:
Forgot to mention I will Update when there is a more clear entry long. So follow up later:)
Trade active:
Stop 1.1224
Comment:
Target 1.1350
