JackRawse

JackRawse

One to watch, we have a very predominant head and shoulders pattern formation on the 4HR timeframe. Although the retail analysis suggests price will break to the upside, the banks and institutions will likely be waiting to put the retail traders into their place.

JackRawse

At a key weekly Psychological Zone and Daily resistance where historically price has reversed. My entry was 5 pips below the bearish pinbar on the 4HR chart with a 43 pip Stop Loss. Profit targets are 1:1 and 2.5:1. (This is not investment advice, just a trade idea of mine following my strategy, i am liable for my own losses and nobody elses).