Short H&S pattern
The Price rejected resistance between 1.58 - 1.574 which is also 0.5 fibonaci retracement.
As we can see on the daily chart price is printing Head and Shoulders pattern, that's why I decide to open 2 position.
1.Position
R/r = 1:2.77
Entry:1.569
SL:1.584
TP:1.527
2.Position
R/r = 1:7 !!!!
Entry:1.569
SL:1.584
TP:1.4625
As we can see on the daily chart price is printing Head and Shoulders pattern, that's why I decide to open 2 position.
1.Position
R/r = 1:2.77
Entry:1.569
SL:1.584
TP:1.527
2.Position
R/r = 1:7 !!!!
Entry:1.569
SL:1.584
TP:1.4625
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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.