Factors involved:
1. Head and Shoulder Completion visible on Daily
2. Well respected ascending Trendline
3. Triangle Consolidation
4. Supply zone
Potential Trades:
Case 1:
Bounce up from Trendline and supply zone
Long with confirmation
Case 2:
Breakdown from Confluence zone
Short during retest
#tradingwerks
1. Head and Shoulder Completion visible on Daily
2. Well respected ascending Trendline
3. Triangle Consolidation
4. Supply zone
Potential Trades:
Case 1:
Bounce up from Trendline and supply zone
Long with confirmation
Case 2:
Breakdown from Confluence zone
Short during retest
#tradingwerks
Trade active
Long entry filledENTRY: 1.50713
SL: 1.50288
TP: 1.51433
Note
+30 PIPS!i.imgur.com/5lwhYWl.png
Trade closed: stop reached
Closed at breakevenNote
Case 2 is setting up. Potential short on the head and shoulders retest. Watch out for this pair
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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.