Longing oppurtunity to 1.58
Updated
In case of a double top the market often tests the neckline again (blue box). Based on this pattern we've created a strategy to monitize on it. However, before we can take the trade all of the checks in our strategy need to be checked. So let's see if that happens and wait for our entry to get hit when it does. The target is around 1.58
Trade closed: stop reached
Unfortunately not every trade can be a winner, and this one ended up to be a 1R loss.
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.