- Wait for the completion of the right shoulder formation to get into the trade. Those who wish to scalp can TP1 at 1056.
- Those who wanna hold their position to the TP zone of the "HEAD AND SHOULDER" at 990, put your stop loss at entry once the price surpasses TP1. This trade would make a 850% profit.
INFO
- Huge volatility expected while breaking into the green box at 990.
- If the price closes above the green box, then it is high likely that we are going up. Otherwise, we are still going to our target price.
Signing off, THECRYPTONIZER
Trade closed: stop reached
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$16 dollar to hit our tp but we missed and hit our stop loss. But my previous trade set up is still in play. Mind seeing that.
@joefnd, Take profit price one which is about hit now.
joefnd
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@Thecryptonizer, wait, sorry it's confusing, what was your suggested entry price? Hmmm.........
Thecryptonizer
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@joefnd, At the completion of the right shoulder, at 1085.
joefnd
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@Thecryptonizer, ahhh i see it now.. sorry I'm alittle slow here. But missed it haha.
Thecryptonizer
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@joefnd, since you have missed it, you can wait until you see the hourly candle rejection at 1056 price line (the purple line). If it closes below the line and price starts falling then that is your call for another short.