Inverted H&S is a possible reversal pattern for $Band.
Notice how RSI went from oversold and is finding support on the 50% looking to move higher!
This trade is with a tight stop-loss, personally I'm already in the trade since I took more risk and got in lower trailing my stop-loss. Once it breaks lower I'll take profit and look for a new setup ;)
*DISCLAIMER* I'm new to chart analysis since November 2019 and this idea is only for the purpose of sharing ideas -> NOT investment advice,
therefore any feedback from aspiring traders and experts are more than welcome.
Always keep in mind not to enter a trade to soon and remember to take profit along the way.
Stay safe, stay profitable & may the odds be forever in your favor ^^
Notice how RSI went from oversold and is finding support on the 50% looking to move higher!
This trade is with a tight stop-loss, personally I'm already in the trade since I took more risk and got in lower trailing my stop-loss. Once it breaks lower I'll take profit and look for a new setup ;)
*DISCLAIMER* I'm new to chart analysis since November 2019 and this idea is only for the purpose of sharing ideas -> NOT investment advice,
therefore any feedback from aspiring traders and experts are more than welcome.
Always keep in mind not to enter a trade to soon and remember to take profit along the way.
Stay safe, stay profitable & may the odds be forever in your favor ^^
Took 12.5% of my investment as profit at $7.4