1. the turn back from resistance channel and breakdown the wedge could make
double top referenced by divergence on MACD and RSI.
2.if we get a close over resistance channel we can long to complete the circle
and inverted head and shoulders.
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
the maximum loss in each transaction for the same currency or
commodity in the same direction should not exceed ( 2% ) of the capital .
Good luck >
double top referenced by divergence on MACD and RSI.
2.if we get a close over resistance channel we can long to complete the circle
and inverted head and shoulders.
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
the maximum loss in each transaction for the same currency or
commodity in the same direction should not exceed ( 2% ) of the capital .
Good luck >
TP2 is reached by more than + 235 pips