Short

Updated

hs

Another countertrend trade. 15m gave signal to sell + possible H&S pattern. Lets play

snapshot

Note

TP1 50% around neckline - 8100

Note

taking off 50% now 8190$ not 8100 cuz u know - its countertrend trade so i want be safe ;)

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Moving SL little above 8420
TP2 ~8020
TP3 ~7820

Note

Moving SL lower again - now it is just above entry point. I believe if price go back up making higher high there it will pop higher hunting all the trader`s stops which are playing this "obvious" H&S. I reduce 50% pos below 8200 so this trade is winner even if SL got hit ;)
GL

Note

TP2 hit

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Moving SL just above 8100

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Removing TP3 and moving SL 100$ lower

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Ride the winner ;)

Note

SL moved just above 7900 not 8k

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SL hit in profit

Note

TRADE END

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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.