Inverted H&S | Descending Triangle
Updated
For a daily swing trend,
At 4H time frame there was a breakout for inverted H&S & descending triangle pattern.
From the CMP the target till the daily resistance, the SL considering the Inverted H&S or Daily support the risk : reward ratio are 1:44 and 1:25 are respectively.
Both the risk : reward ratios are good.
If my description is confusion please watch the video. haha :-)
At 4H time frame there was a breakout for inverted H&S & descending triangle pattern.
From the CMP the target till the daily resistance, the SL considering the Inverted H&S or Daily support the risk : reward ratio are 1:44 and 1:25 are respectively.
Both the risk : reward ratios are good.
If my description is confusion please watch the video. haha :-)
Trade active
Note
There was SL hunting yesterday, but market came back to the breakout level.Note
105.8795 is a critical resistance at 4H time frame, if a 4H candle closes above this level can expect strong bull run.Note
the critical 4H resistance 105.8795 has broke.., Consider add more positions with tight SL.
Trade closed: stop reached
:-(
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