Hey trader, I hope you had a fantastic weekend ;)
The price seems to want to rally. It formed a bullish head and shoulder pattern that led it to bullish break and retest its neckline together with the 50 and bullish crossed short-term MA's. This signals an upcoming 3-level uptrend to the last take profit point that forms part of one of the high timeframe targets. However, the price might not rally as anticipated. It may drop to the first trades stop loss key level, before or after triggering the trades. With that said, take these trades at your own risk!
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts!
Stay Blessed Baby,
Sphatrades.
The price seems to want to rally. It formed a bullish head and shoulder pattern that led it to bullish break and retest its neckline together with the 50 and bullish crossed short-term MA's. This signals an upcoming 3-level uptrend to the last take profit point that forms part of one of the high timeframe targets. However, the price might not rally as anticipated. It may drop to the first trades stop loss key level, before or after triggering the trades. With that said, take these trades at your own risk!
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts!
Stay Blessed Baby,
Sphatrades.
