LINK forming Head and Shoulders on1hr

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Simple Head and Shoulders idea. No complication here. Given the Link run last few days, RSI is starting to cool down. 0.618 looks likely and a move up there will start to confirm the right shoulder. Lets see how this plays out over the next several 1hr candles.

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ملاحظة

Swing/scalp longs will yield gains on the down trend. Irrespective of these volatility moves (given the extraordinary run up), ceiling is at 1.3472. Only a breach above on candle close will invalidate the H&S idea.

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تم إغلاق الصفقة يدويًا

Short Trade Closed. Far too bullish as 1.3472 breached. Lot of patterns on LTF to trade both Longs and Shorts. This kind of volatility is traders' dream.