Simple head and shoulders pattern formed with a well-defined neckline.
Technical
-Head and shoulders, right shoulder formed
-MACD Reversal approaching
Take profit
-1:1 ratio from neckline to head
-Might want to take some position off beyond first line of resistance(look left, structure leaves clues, consolidation between 114.617 114.732
Stop loss
-Above right shoulder
-Might want to adjust to 115.000 for stop loss, strong psychological resistance.
*For self-reference/educational purpose. NOT investment/trading advice.
Technical
-Head and shoulders, right shoulder formed
-MACD Reversal approaching
Take profit
-1:1 ratio from neckline to head
-Might want to take some position off beyond first line of resistance(look left, structure leaves clues, consolidation between 114.617 114.732
Stop loss
-Above right shoulder
-Might want to adjust to 115.000 for stop loss, strong psychological resistance.
*For self-reference/educational purpose. NOT investment/trading advice.