Possible long trade:
- Has recently hit the weekly support and has started to move up
- Head and shoulders patterns on the daily
On the break of the neckline and retest of the support (now resistance), I will take the long trade to the next resistance level.
If the price does not break the neckline and continues to go down, it could mean a possible long entry from the weekly support level.
- Has recently hit the weekly support and has started to move up
- Head and shoulders patterns on the daily
On the break of the neckline and retest of the support (now resistance), I will take the long trade to the next resistance level.
If the price does not break the neckline and continues to go down, it could mean a possible long entry from the weekly support level.