Price action and chart pattern trading setup -
> Inverted Head & Shoulders reversal pattern in TFD
> 1st Entry at breakout and 2nd entry at pullback neckline
> 1st Target at SMA400 zone (Fibonacci retracement 0.382) and 2nd Target - SMA200 (0.618)
> Stoploss at the inverted head position
> Recommended risk ratio at 2:1 for medium term trade
Indicator:
> Smart money and banker chip huge volume support
> Banker fundflow RSI coming out of oversold area
> BBD bullish breakout golden cross above baseline
> KDJ Stochastic in uptrend ribbon
Always trade with affordable risk and respect your stoploss
> Inverted Head & Shoulders reversal pattern in TFD
> 1st Entry at breakout and 2nd entry at pullback neckline
> 1st Target at SMA400 zone (Fibonacci retracement 0.382) and 2nd Target - SMA200 (0.618)
> Stoploss at the inverted head position
> Recommended risk ratio at 2:1 for medium term trade
Indicator:
> Smart money and banker chip huge volume support
> Banker fundflow RSI coming out of oversold area
> BBD bullish breakout golden cross above baseline
> KDJ Stochastic in uptrend ribbon
Always trade with affordable risk and respect your stoploss
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.
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.