Price action and chart pattern trading setup
> Inverted Head & Shoulders pattern in TF1H breakout
> Pullback trade recommended after retesting H&S neckline
> Target just below SMA200 or previous high
Indicator: TF4H
> Bullish RSI crossing 50 and above MA line
> MACD golden cross signal line
Risk ratio: 1.8:1
Always trade with affordable risk and respect your stoploss
> Inverted Head & Shoulders pattern in TF1H breakout
> Pullback trade recommended after retesting H&S neckline
> Target just below SMA200 or previous high
Indicator: TF4H
> Bullish RSI crossing 50 and above MA line
> MACD golden cross signal line
Risk ratio: 1.8:1
Always trade with affordable risk and respect your stoploss
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.
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.