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VividFX
Aug 24, 2023 4:43 PM

Setup for Head and shoulders pattern on the Daily. #Bearish Short

US100 CFDSKILLING

Description

We have a retest of the left shoulder. Using Fibonacci to get a targeted entry for the sell. Will scalp lower timeframes 5-15M. Looking for price to reenter the .618 level before looking for sells.

This is more of a long-term play. Be caution here.

The purpose of these posts are for educational purposes only. Nothing associated with this profile or post should be taken as advice to buy/sell any specific financial market. I nor anyone associated with this profile will accept any liability for any financial losses related to any content posted here. Trading is risky, so seek professional trading advice before taking any specific trades/investments.

Trade active

Entry Triggered

Trade closed: stop reached

Comments
AMIT-RAJAN
Agreed with idea
VividFX
be cautious though. this play is more for next week and beyond. don't get caught Friday going into the weekend.
togethertrading23
Do you think it will go down from here to 15000? It is still very bullish.
togethertrading23
VividFX
Entry has been triggered. Manage the trade from here. If you like to trade on the lower timeframes, look for your entry and exit strategies throughout this level.
VividFX
US100 Short trade setup. So close to the entry. I also didn't want to hold over the weekend. Will Look for short setups on the M15 and M5
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