The reasons:
1. We have STRONG resistance on 1.3000;
2. It’s maybe going to be a Head&Shoulders pattern;
3. We have Pinbar on 4 hours;
4. Maybe it will be DAILY Pinbar;
5. Price didn’t make retracement for a long time;
RR = 1:4
SL - 1.30300
TP - 1.28800
What do you think?
1. We have STRONG resistance on 1.3000;
2. It’s maybe going to be a Head&Shoulders pattern;
3. We have Pinbar on 4 hours;
4. Maybe it will be DAILY Pinbar;
5. Price didn’t make retracement for a long time;
RR = 1:4
SL - 1.30300
TP - 1.28800
What do you think?