INV head n shoulder pattern
rising wedge
high high lower high
1HR RSI @ 28
30M RSI @ 22
- Price is ABOVE 800 MA on 30M & 1HR timeframe
- Price is BELOW 800 MA on 2HR but above 200 and 100 MA
A break of 76.00 will give us another leg up. If price fails here a re-test of 48.00 could come into effect. A stop loss below the head or right shoulder would be adequate for this trade depending on risk ratio and account size.
GLHF and please like this idea if you agree!
Entry: here
SL: below right shoulder or head
TP1: 76.00
TP2: 77.40
rising wedge
high high lower high
1HR RSI @ 28
30M RSI @ 22
- Price is ABOVE 800 MA on 30M & 1HR timeframe
- Price is BELOW 800 MA on 2HR but above 200 and 100 MA
A break of 76.00 will give us another leg up. If price fails here a re-test of 48.00 could come into effect. A stop loss below the head or right shoulder would be adequate for this trade depending on risk ratio and account size.
GLHF and please like this idea if you agree!
Entry: here
SL: below right shoulder or head
TP1: 76.00
TP2: 77.40
Order cancelled:
SL hit. One bites the dust. But many winners still outweigh losses :) !