- We see a Head & Shoulder Reversal Pattern.
- At the break of Neckline, we will sell with 1:1 Risk Reward
- You can take two trades, one with 1:1 and the other with 1:2
- Take 1% of your equity risk
- At the break of Neckline, we will sell with 1:1 Risk Reward
- You can take two trades, one with 1:1 and the other with 1:2
- Take 1% of your equity risk
Comment:
The shape of Head & Shoulder has changed but still, the trade plan is the same, it is going to reverse, so stay tuned:
Comment:
Here are the new entry, stop loss, and TP points:
Sell Stop: 148.177
Stop Loss: 148.719
TP1: 147.6350
TP2: 147.0930
Sell Stop: 148.177
Stop Loss: 148.719
TP1: 147.6350
TP2: 147.0930
Trade active:
Trade has started
Trade closed: target reached:
TP1 hit,
As I had taken two trades of 1% each, I'd set the SL of other trade as Sell Stop Level to make it breakeven
As I had taken two trades of 1% each, I'd set the SL of other trade as Sell Stop Level to make it breakeven