Looking to follow price action strategy, waiting for rupture of head and shoulders would give you different entry points, respecting S/R on bigger timeframes.
Look at the updates of this trading idea for bigger picture setup
Look at the updates of this trading idea for bigger picture setup
Trade active
Price move long 58 pips in favor, that move break the neckline for the head & shoulders pattern we were waiting, next move is a retest of the same neckline, price may drop 26 pips before continues long, protect trade if you manage to enter yesterday at call price. Trade active
Price retouch neckline and rejected that zone, price action confirms the trend line moveTrade active
Uptren contines we see clear weekly S/R zone as next target
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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.