We will put the Sell Stop at the break of previous HL and if there is any Head & Shoulders pattern formed, we will need to make our entry even more precise which will hit our TP quicker.
For now, I don't have much time to look at this chart, therefore I have put the sell stop but if any reversal pattern is formed, we will change our Sell Stop position and TPs.
For now, I don't have much time to look at this chart, therefore I have put the sell stop but if any reversal pattern is formed, we will change our Sell Stop position and TPs.
Comment:
We can see the double top reversal pattern with divergence. We will put sell stop at the level of the "Neck Line" of the double top and adjust TPs accordingly:
