We can see the pattern has been broken and a retest of the breakout on the Daily TF is probable.
On the 4H timeframe we can expect a push down if the head and shoulder pattern is confirmed with further break down and then retest of the breakout. At that point we'd be looking to pick up and enter a short position
On the 4H timeframe we can expect a push down if the head and shoulder pattern is confirmed with further break down and then retest of the breakout. At that point we'd be looking to pick up and enter a short position
Comment:
Waiting for retest of broken zone above.
Trade active:
Entered early, firm rejection on 15 minute time frame
Comment:
Setting STOP TO Breakeven and closing a third of the position for profits.
Trade active:
Came back and hit stop but can see rejection, going for a re-entry and risking previous earnt profits
Comment:
Closing 50% of the position and setting Stop to BE