Another countertrend trade. 15m gave signal to sell + possible H&S pattern. Lets play
Comment:
TP1 50% around neckline - 8100
Comment:
taking off 50% now 8190$ not 8100 cuz u know - its countertrend trade so i want be safe ;)
Comment:
Moving SL little above 8420
TP2 ~8020
TP3 ~7820
TP2 ~8020
TP3 ~7820
Comment:
Moving SL lower again - now it is just above entry point. I believe if price go back up making higher high there it will pop higher hunting all the trader`s stops which are playing this "obvious" H&S. I reduce 50% pos below 8200 so this trade is winner even if SL got hit ;)
GL
GL
Comment:
TP2 hit
Comment:
Moving SL just above 8100
Comment:
Removing TP3 and moving SL 100$ lower
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Ride the winner ;)
Comment:
SL moved just above 7900 not 8k
Comment:
SL hit in profit
Comment:
TRADE END