After being rejected twice on 786 fibo on Oct 4 and 5, pullback is imminent. Healthy pullback must not fall below the Oct. 3 candlestick (0.98332).
I noticed every time the price breaks above MA100 the price pullback and headed upward to revisit the neckline of the inverted H&S. (see the encircled portion). Enter a long trade just above or below MA100 and the initial target price is the neckline. Easy trade if it breaks above the neckline, the possible target is 618 extension.
I noticed every time the price breaks above MA100 the price pullback and headed upward to revisit the neckline of the inverted H&S. (see the encircled portion). Enter a long trade just above or below MA100 and the initial target price is the neckline. Easy trade if it breaks above the neckline, the possible target is 618 extension.
