Head and shoulder
I don't really uses terminologies like names of candlestick or chart pattern but to tell you about perticular scenario it's required to use such easy terminologies.
!! it's only applicable if the price takes support from 0.6720 not if it breaks support.
1 = if price take support then it's possible that it will go to 0.6783 and it can come back to support but this scenario has less possibility because there is trendline holdings buch of orders.we have to look only for sell in this scenario because news and overall trend is bearish in audusd.
2 = if price move further to resistance area of 0.6805 it has more possibility to come aggresively towards our support because of as i said there is a trendline that
holds orders of averaging bonds.
!! it's only applicable if the price takes support from 0.6720 not if it breaks support.
1 = if price take support then it's possible that it will go to 0.6783 and it can come back to support but this scenario has less possibility because there is trendline holdings buch of orders.we have to look only for sell in this scenario because news and overall trend is bearish in audusd.
2 = if price move further to resistance area of 0.6805 it has more possibility to come aggresively towards our support because of as i said there is a trendline that
holds orders of averaging bonds.
כתב ויתור
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