Monthly we see a double diamond with respect to a bearish trendline with a rejection.
Price is currently below the necktie thus pass the necktie fake out also fakeout are harder to take place on the higher timeframes..
Note overall the rsi doesn’t show higher highs on the test of the trendline so a bearish cont is in question .But trading the pattern more so is the forecast as we can expect price to measures the right leg of the pattern as a target and we are looking for a test of the low wick as target 2 WITH OVER 2K PIP FROM ENTRY
HOW TO TRADE LIKE THEM
Price is currently below the necktie thus pass the necktie fake out also fakeout are harder to take place on the higher timeframes..
Note overall the rsi doesn’t show higher highs on the test of the trendline so a bearish cont is in question .But trading the pattern more so is the forecast as we can expect price to measures the right leg of the pattern as a target and we are looking for a test of the low wick as target 2 WITH OVER 2K PIP FROM ENTRY
HOW TO TRADE LIKE THEM