Long
Higher TF H&S VS Lower TF H&S
BITFINEX:BCHUSD
Type: Long
Entry: 784.8
Stop: 774.5 (May adjust it could be too tight)
Take Profit: 808.5
Playing a retest of mini H&S back to the Big H&S trendline.
Rationale
- Key support at 784 area
- .5 fib line bounce
- Big H&S pattern could indicate more bearish momentum, mii H&S pattern has reached it's target price
- Retest of neckline
Type: Long
Entry: 784.8
Stop: 774.5 (May adjust it could be too tight)
Take Profit: 808.5
Playing a retest of mini H&S back to the Big H&S trendline.
Rationale
- Key support at 784 area
- .5 fib line bounce
- Big H&S pattern could indicate more bearish momentum, mii H&S pattern has reached it's target price
- Retest of neckline
Note
adjusted to a lower stop loss, too tightTrade closed: target reached
+3% bounce nicely
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.