ETHUSD Possible Inverse Head and Shoulders Breakout Trade
ETHUSD seems to have formed inverse heads and shoulders on the hourly chart. Possible breakout trade opportunity above 162 and a possible less risky trade in case of fakeout by waiting for confirmation candle(s) when price retests 162 region as support and bounces.
Confidence level on lower-frame (short-term): Low
BTCUSD forming same inverse head and shoulders pattern.
Try not to trade on weekends because its usually when volume is low and the manipulators have easier control of price movements.
Just sharing an observation. Trade only what you can afford to lose as nothing is 100% in life, ever. Good luck and stay safe always!
Confidence level on lower-frame (short-term): Low
BTCUSD forming same inverse head and shoulders pattern.
Try not to trade on weekends because its usually when volume is low and the manipulators have easier control of price movements.
Just sharing an observation. Trade only what you can afford to lose as nothing is 100% in life, ever. Good luck and stay safe always!
Penafian
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