Price has formed what looks like an inverse head and shoulders pattern after an extended bearish leg, a strong sign of potential reversal.
The left shoulder, head, and right shoulder structure all show selling pressure fading and buyers gradually stepping in.
We’ve now seen a clean breakout above the neckline, confirming the shift in momentum.
I’m watching for a short-term pullback toward the neckline for a possible retest before continuation.
As long as price holds above that level, the bullish bias remains intact.
Next upside target sits around 1.6318, aligning with the next resistance zone and measured move projection from the pattern.
The left shoulder, head, and right shoulder structure all show selling pressure fading and buyers gradually stepping in.
We’ve now seen a clean breakout above the neckline, confirming the shift in momentum.
I’m watching for a short-term pullback toward the neckline for a possible retest before continuation.
As long as price holds above that level, the bullish bias remains intact.
Next upside target sits around 1.6318, aligning with the next resistance zone and measured move projection from the pattern.
Trade attivo
Trade chiuso: obiettivo raggiunto
Closed this trade here at 90%. 
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👉Get 20% Deposit BONUS - bit.ly/trenddiva
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.