Price is testing the final trend line resistance and has managed to breakout and close above the minor bearish structure on smaller timeframes. We have an inverted H/S formation on the 4H timeframe. There's a good chance price will continue to move higher from here and around the neckline of the inverted H/S price has enough support to bounce should we retest the support below.
Entry: 194.00
Targets: 197.50 & 201.10
Stops: 190.50
Risk to reward ratio is 1:2.
Entry: 194.00
Targets: 197.50 & 201.10
Stops: 190.50
Risk to reward ratio is 1:2.
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