dukeposh

BCPG | Inverted Head & Shoulders Pattern breakout trading setup

Long
SET:BCPG   BCPG PCL
Price action and chart pattern trading setup
> Inverted Head & Shoulders pattern in TF1H breakout
> Pullback trade recommended after retesting H&S neckline
> Target just below SMA200 or previous high

Indicator: TF4H
> Bullish RSI crossing 50 and above MA line
> MACD golden cross signal line

Risk ratio: 1.8:1

Always trade with affordable risk and respect your stoploss

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.