LTCUSDT 1 hour There is a head and shoulder seeing there is a breakout from the downward trend line in 1 HR chart so i will plan to long here. Then i switch to 15min and found two signal 1) retest on trendline 2)a bullish candle stick.
My SL will be on the closet SR line and tp will be on the resistance zone. but i will keep monitor on this trade whether to TP or SL early based on the pattern behind
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after checking the result, i realised i had set my TP wrongly. I miss out there is a SR Flip over there.
Yes, the first take profit price should be at the SR flip area -10/June 1:30am is the signal to ask you to leave. bearish engulfing at the sr flip area.