Head & Shoulders-pattern on EURCHF daily, confirmed by breaking neckline.
Stochastic daily OB and 4H OB ready to cross.
Sell-signal when price action reverses between 1.14-1.15.
Stop loss 100 pips, which gets it over neckline.
TP @ 1.1, which is 500 pips, 1:5 Risk reward.
Place of TP is defined by height of Head and Shoulders-pattern.
Disclaimer: I'm a lousy trader, don't follow my ideas or you will lose big.
Stochastic daily OB and 4H OB ready to cross.
Sell-signal when price action reverses between 1.14-1.15.
Stop loss 100 pips, which gets it over neckline.
TP @ 1.1, which is 500 pips, 1:5 Risk reward.
Place of TP is defined by height of Head and Shoulders-pattern.
Disclaimer: I'm a lousy trader, don't follow my ideas or you will lose big.
Trade active:
Sold @ 1.14215