As we can see on this chart, a head and shoulder pattern just completed it's formation from $30,000 back to $30,000.
If you take a closer look at this chart, we'll see another head and shoulder pattern starting from $20,000, which may eventually go back to $20,000 IF AND ONLY IF price does not break the resistance at $43,000 upward.
Therefore, if price does not break the resistance at $43,000 upward, then the right shoulder will surely come to hit the neckline at $30,000.
If price now break the $30,000 neckline downward, then $20,000 is the target๐ฏ
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Trading Involves High Riskโ ๏ธ
Not Financial Advice๐ธ
Use Proper Risk Management๐น
Thank you for your support!๐
NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.
If you take a closer look at this chart, we'll see another head and shoulder pattern starting from $20,000, which may eventually go back to $20,000 IF AND ONLY IF price does not break the resistance at $43,000 upward.
Therefore, if price does not break the resistance at $43,000 upward, then the right shoulder will surely come to hit the neckline at $30,000.
If price now break the $30,000 neckline downward, then $20,000 is the target๐ฏ
What do you think?
Share your opinion in the comment sectionโ๏ธ
Please support this idea with a LIKE๐ if you find it useful๐ฅณ
Also, kindly cheer me with coins if you like my work.
Follow me to receive more updates on this pair๐ค
Happy Trading๐ฐ๐ฅณ๐ค
Trading Involves High Riskโ ๏ธ
Not Financial Advice๐ธ
Use Proper Risk Management๐น
Thank you for your support!๐
NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.