A head and shoulder (HNS) is evident for Maybank.
Wait for price to cross under 8.00 to confirm pattern.
EP: 8.00 or wait for price confirmation
TP:
1) Support: 7.50
2) Trendline support: around 7.3 ( depending on the day it hits support)
3) HNS theoretical TP: 7.00
CL: 8.48
Note: false breakout may happen and cause this head and shoulder to fail. Alternatively, you can short it when price break and retrace back to 8.00.
Good luck in trading
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Wait for price to cross under 8.00 to confirm pattern.
EP: 8.00 or wait for price confirmation
TP:
1) Support: 7.50
2) Trendline support: around 7.3 ( depending on the day it hits support)
3) HNS theoretical TP: 7.00
CL: 8.48
Note: false breakout may happen and cause this head and shoulder to fail. Alternatively, you can short it when price break and retrace back to 8.00.
Good luck in trading
Do give us a like if you like our idea.