We are seeing a really nice inverse head and shoulders pattern which strongly indicates a reversal. Paired with the price entering the Ichimoku cloud, we have a great setup for a bullish edge-to-edge swing through the cloud.
Conservative target is wherever the price breaks out above the cloud. Trade is invalidated if prices closes below cloud.
Conservative target is wherever the price breaks out above the cloud. Trade is invalidated if prices closes below cloud.
Trade closed manually
Note
Price closed back into the cloud. This *could* still be valid, but risky.
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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.