IOIPG ( Possible Inverse Head and Shoulders ? )
Updated
Entry reason:
1. Base platform with volume accumulated. (Check Volume Profile )
2. 2B Reversal Setup ( Possible forming Inverse Head and Shoulders )
3. Low risk entry with tight stop.
Target: 1.10 - 1.20 (≈ 12%)
Stop: Around 0.965
Disclaimer:
For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk.
#TAYOR
1. Base platform with volume accumulated. (Check Volume Profile )
2. 2B Reversal Setup ( Possible forming Inverse Head and Shoulders )
3. Low risk entry with tight stop.
Target: 1.10 - 1.20 (≈ 12%)
Stop: Around 0.965
Disclaimer:
For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk.
#TAYOR
Trade closed: stop reached
Stop Loss Initiated. Closed at 0.95 at 29/09/2022.
Recorded sell price at 0.945. (open price - 30/09/2022)
Result: -4.10%
Comment
Should have the reentry on 17.10.2022 upon double bottom neckline breakout. Lessons learnt:
- Over tighten SL might cause lost of opportunity.
- Monitor closely previous watchlist for reentry opportunity.
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