Price has been range bound for some time now, rejected resistance multiple times. Price currently forming a head on shoulders pattern, & a bearish engulfing candle now is forming showing potential momentum shift. Will watch for a break of the ascending trendline & neckline to confirm a downside reversal ..
Commentaire:
H4
Commentaire:
Trendline still holding, which price can still be range bound.. a confirmed reversal would be after the head on shoulders neckline break (1.08500)