Bullish trend close to reaching major resistance level on the Weekly Charts with potential Double top on both the Daily and 4Hr Chart which provides us with a nice retracement opportunity off the resistance level with a huge Risk-reward ratio. For this opportunity, given the very deep V on the potential double top in addition to the existence of multiple support levels, I recommend setting targets to the closest support level as shown. If the price breaks the V-line and confirms the double-top, then there is a potential for a reversal of the bullish trend.
Let me know your thoughts.
Let me know your thoughts.
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Nice +34pips on this opportunity