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Chibuike_Odoh
Dec 10, 2020 8:59 PM

IOSTUSDT - Weekly analysis  Long

IOST / TetherUSBinance

Description

IOSTUSDT is printing the inverse head and shoulders trend reversal pattern on the weekly timeframe.
Buy entry ⬆️ - breakout above the inverse head and shoulders neckline resistance.
Target 🎯 - Resistance level.
Setup invalidation ❌ - breakdown below the inverse shoulder support.
Comments
Franchino23
Hi, thanks for your charts . I have a question , with your price target and set up invalidation the R/R is very poor , what do you think about that? Best regards
Chibuike_Odoh
@Franchino23 Your setup invalidation isn't really your stop loss. It just means the setup isn't valid anymore.
Your stop loss can be much closer for a better R/R
Franchino23
@Chibuike_Odoh, ok thank you
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