It seems like the big h&s pattern is failing to continue and yet we broke a big trendline to the downside.
At the moment we are in a small down channel + a small bullish h&s pattern formed.
But it is also seems like the small h&s pattern is failing - will be confirmed when the tiny support will break ( marked on chart and easier to watch in 4H time frame) .
So the plan is :
enter a sell position using the 4h time frame down to the big support level and from there waiting to a bullish reversal pattern and enter buy position - unless a significant break down happens and then stay in short till 2.0 area
*please notice that both postions provide small risk and high gain.
everything is marked on the chart..
Best of luck :-)
At the moment we are in a small down channel + a small bullish h&s pattern formed.
But it is also seems like the small h&s pattern is failing - will be confirmed when the tiny support will break ( marked on chart and easier to watch in 4H time frame) .
So the plan is :
enter a sell position using the 4h time frame down to the big support level and from there waiting to a bullish reversal pattern and enter buy position - unless a significant break down happens and then stay in short till 2.0 area
*please notice that both postions provide small risk and high gain.
everything is marked on the chart..
Best of luck :-)
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