Price action had a bearish H&S pattern previously. However, it manages to break the previous high form the left shoulder, signaling a change on the trend. Now heading towards the broken supply zone, a buy position at the ascending trendline is placed.
The order:
Type: sell-limit
S/L: 50 pips - R:R | 1:2.5 -
T/P: previous high
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The order:
Type: sell-limit
S/L: 50 pips - R:R | 1:2.5 -
T/P: previous high
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
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