XTIUSD POTENTIAL SHORT OPPORTUNITY
Hello Everyone!
How are you all?
XTIUSD is an instrument to watch this week, because it is shaping up very nicely for a bearish reversal that we can capitalize on.
So, I will be looking for a bearish reversal because of the following reasons:
1. The price is currently at the neckline of the HTF Head and Shoulder pattern.
2. The price has potential formed a LTF HnS structure and it has approached the value area.
Game Plan:
If the price completes the right side of the HnS pattern at the VA, and rejects at that level or makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
XTIUSD is an instrument to watch this week, because it is shaping up very nicely for a bearish reversal that we can capitalize on.
So, I will be looking for a bearish reversal because of the following reasons:
1. The price is currently at the neckline of the HTF Head and Shoulder pattern.
2. The price has potential formed a LTF HnS structure and it has approached the value area.
Game Plan:
If the price completes the right side of the HnS pattern at the VA, and rejects at that level or makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
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