$ADAUSD Overall big picture, right shoulder forming on Head & Shoulder pattern
entry PTs 1.00-1.20 Target PT 2.40 is the right shoulder
PARALLEL CHANNEL
SUPPORT AND RESISTANCE
Must pivot off at PTs .95-1.00 range or can break support line
Further downtrend is predicated after right shoulder is completed, which is typical of Head & Shoulder pattern
Awaiting for the price to break-out of the parallel channel soon, when this occurs we can re-enter long position for the next run
entry PTs 1.00-1.20 Target PT 2.40 is the right shoulder
PARALLEL CHANNEL
SUPPORT AND RESISTANCE
Must pivot off at PTs .95-1.00 range or can break support line
Further downtrend is predicated after right shoulder is completed, which is typical of Head & Shoulder pattern
Awaiting for the price to break-out of the parallel channel soon, when this occurs we can re-enter long position for the next run