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TheSignalyst
Apr 9, 2021 12:02 PM

Rolls Royce - Are You Ready For The Ride? Long

ROLLS ROYCE HLDGS LS 0.20FWB

Description

Hello everyone, if you like the idea, do not forget to support with a like and follow.

RRU formed an inverse head and shoulders pattern, but it is not ready to go yet.

Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?

Trigger => Waiting for a momentum candle close above the neckline to buy. (gray area)

Meanwhile, until the buy is activated, RRU would be overall bearish and can still trade lower.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comments
Mihai_Iacob
Nice h&s there.
Let s see if it comfirms
Thanks for sharing
TheSignalyst
@OptimoomFX thanks Optimoom
caldooninvestment
Very interesting and clean analysis mate!
TheSignalyst
@caldooninvestment, thank you gentlemen!
jojofang0901
Looks clean for a bullish reversal price action :) thx
TheSignalyst
@jojofang0901, amazing jojo!
StevesTradingV
Thumbs up for your work, Rich ;)
TheSignalyst
@StevesTradingV thank you brother Steves
Mahtab_Tradia
Simple but perfect! Big Like👍🏻
TheSignalyst
@Mahtab_Tradia, thanks a lot Mahtab :D
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