What do we have on the chart?
1. BEARISH BUTTERFLY completed at 83.20. Retraced to 23.2 Fibo, retested 83.20 and made the double top.
2. Completed Bullish SHARK at 82.20 and doing a minor retracement. The upside is capped SMA100 H4. I predicted reversal at 82.60 - 82.70
Head And Shoulders will be in action if it rejects 82.60-82.70
Head And Sholders Neckline ( Red Line )
My Trade: Short at 82.62 - 82.70 Stop: 82.90 Target: 82.27 Target 2: 82.05
My Second Trade: ( Head And Shoulders ) Short at 82.20 Target 1: 82.05 Target 2: 81.75 ( Bullish Crab area of the entry starts which can be used as along opportunity )
Break and close above 82.90 would change the scenario.
I will update
1. BEARISH BUTTERFLY completed at 83.20. Retraced to 23.2 Fibo, retested 83.20 and made the double top.
2. Completed Bullish SHARK at 82.20 and doing a minor retracement. The upside is capped SMA100 H4. I predicted reversal at 82.60 - 82.70
Head And Shoulders will be in action if it rejects 82.60-82.70
Head And Sholders Neckline ( Red Line )
My Trade: Short at 82.62 - 82.70 Stop: 82.90 Target: 82.27 Target 2: 82.05
My Second Trade: ( Head And Shoulders ) Short at 82.20 Target 1: 82.05 Target 2: 81.75 ( Bullish Crab area of the entry starts which can be used as along opportunity )
Break and close above 82.90 would change the scenario.
I will update
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