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dukeposh
Mar 12, 2022 6:21 PM

BCPG | Inverted Head & Shoulders Pattern breakout trading setup  Long

BCPG PCLSET

Description

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
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