Traders,
Here we have BTCUSD 1D chart.
Before talking about this pattern kindly check the previous update to take the right decision about this trade here below:
Now we have the right shoulder formation is about to be completed by touching the neckline
The bad situation is: you can't jump into this trade without completing the H&S or with uncompleted Triangle, But the nearest one now is the H&S which will lead the price directly to 12300: 12500$
Q: Does it mean we have clear Breakout ?
A: Absolutely Not breaking-out in my humble opinion it will be a Bull-Trap
Like if you appreciate this idea and kindly check related 22 updates.
Reagrds,
Mohsen
Here we have BTCUSD 1D chart.
Before talking about this pattern kindly check the previous update to take the right decision about this trade here below:
Now we have the right shoulder formation is about to be completed by touching the neckline
The bad situation is: you can't jump into this trade without completing the H&S or with uncompleted Triangle, But the nearest one now is the H&S which will lead the price directly to 12300: 12500$
Q: Does it mean we have clear Breakout ?
A: Absolutely Not breaking-out in my humble opinion it will be a Bull-Trap
Like if you appreciate this idea and kindly check related 22 updates.
Reagrds,
Mohsen
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Telegram: t.me/MO_Trading
Twitter: twitter.com/MoTradr
