What we can see on the chart is the head and shoulders formation, which is bearish, therefore, we are expecting a breakdown.
Target for this pattern is shown on the chart.
Stop loss should be placed above the right shoulder.
Enter short position only if the price breaks the neckline.
Good luck!
Target for this pattern is shown on the chart.
Stop loss should be placed above the right shoulder.
Enter short position only if the price breaks the neckline.
Good luck!
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