A Head and Shoulders formation forms up and traded lower within the support and resistance area. If the market retraces back into the sell zone, which in this case the right shoulder it will produce a great selling opportunity.
If all fails we still have the classic support and resistance trade.
How’s your long weekend going? If you are thinking of more long weekend as I do, start doing things that can free out your time. The way I trade, I just need to spend 30-mins a day in front of my computer the rest of it took lesser time then I spending time on Facebook, Instagram and mobile games.
Join me at our 3-hours Live Workshop that’s happening this month, Tuesday, 20 August 2019 in Singapore at 1900hr. A complimentary Ebook will be sent to you.
Next Wednesday, 21August2019, 18:08pm-20:00(+8GMT) I will be going through 12 currency pairs on the mid-week analysis
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