1. the turn back from resistance channel and breakdown the wedge could make
double top referenced by divergence on MACD and RSI .
2.if we get a close over resistance channel we can long to complete the circle
and inverted head and shoulders .
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
the maximum loss in each transaction for the same currency or
commodity in the same direction should not exceed ( 2% ) of the capital .
Good luck >
double top referenced by divergence on MACD and RSI .
2.if we get a close over resistance channel we can long to complete the circle
and inverted head and shoulders .
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
the maximum loss in each transaction for the same currency or
commodity in the same direction should not exceed ( 2% ) of the capital .
Good luck >
TP2 is reached by more than + 235 pips