Inverted H&S on EUR/USD @ H4
The inverse head-and-shoulders pattern on H4 chart of EUR/USD offers a bullish breakout trading setup. The pattern's borders are shown in the yellow lines. Potential entry is at the cyan line. Potential take-profit is at the green line. Stop-loss is to be set at the low of the breakout bar (not shown on the chart).
Trade active
Long trade entered today at 14:23 UTC at 1.16602 with SL=1.15993 and TP=1.19549.Trade closed: stop reached
SL hit today as of 15:41 UTC.
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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.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
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.