Hello guys.
The chart is showing a clear inverse head & shoulders pattern, which often signals a potential bullish reversal.
Price is now pushing above the neckline, suggesting momentum is shifting to the upside. As long as buyers hold this breakout, there’s room for continuation toward the 1.3853 and 1.3868 resistance levels.
Key Levels:
Support: 1.3720 (pattern invalidation if broken)
Breakout Zone: 1.3800–1.3820 (neckline retest area)
Targets: 1.3853 → 1.3868
The chart is showing a clear inverse head & shoulders pattern, which often signals a potential bullish reversal.
Price is now pushing above the neckline, suggesting momentum is shifting to the upside. As long as buyers hold this breakout, there’s room for continuation toward the 1.3853 and 1.3868 resistance levels.
Key Levels:
Support: 1.3720 (pattern invalidation if broken)
Breakout Zone: 1.3800–1.3820 (neckline retest area)
Targets: 1.3853 → 1.3868
Trade closed: target reached
all targets touched
Telegram channel: t.me/melikatrader94
Forex telegram channel: t.me/melikatrader94GoldForex
Forex telegram channel: t.me/melikatrader94GoldForex
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Telegram channel: t.me/melikatrader94
Forex telegram channel: t.me/melikatrader94GoldForex
Forex telegram channel: t.me/melikatrader94GoldForex
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.