Thesis: Price broke above from the previous price level marked as “12”. Subsequently, there is to be a pullback and in this case it occurred Friday. Friday formed a head and shoulders pattern to which I waited for another minor pullback before executing.
Note
This is a 1:10, I simply halved my SL to mitigate possible losses.
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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.