The H&S pattern is complete and its neckline has been broken.
Price action is attempting to complete a retest of the blue trendline so this is a low risk entry point
Short for 150+ pips
This head and shoulders also resides within a potentially large H&S that may be completing. Therefore if this trade is successful, I will continue shorting until the neckline of the bigger H&S. See image
Price action is attempting to complete a retest of the blue trendline so this is a low risk entry point
Short for 150+ pips
This head and shoulders also resides within a potentially large H&S that may be completing. Therefore if this trade is successful, I will continue shorting until the neckline of the bigger H&S. See image
Trade closed: stop reached
Stop Loss reached. However I still believe this is a good shorting tradeNote
anyone looking to get into this short, now is a good time to jump in as it has retraced!Note
trade went down beautifully. I need more confidence and slightly wider SLs
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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.