Two possible trades:
Trade 1:
Long at current price, hold to target, stop at the tip of the right shoulder. (RR ~ 3:1)
Trade 2: (Only on failure of trade 1)
Immediately take short trade after the long trade is stopped out, target marked as per failure rules of inverse head and shoulders. (RR ~ 2.5:1)
Trade 1:
Long at current price, hold to target, stop at the tip of the right shoulder. (RR ~ 3:1)
Trade 2: (Only on failure of trade 1)
Immediately take short trade after the long trade is stopped out, target marked as per failure rules of inverse head and shoulders. (RR ~ 2.5:1)
Trade closed: stop reached
Trade failed. Flipped short.Trade active
Short was entered at flip. Currently combo breakeven.Note
Case 2 active.Trade closed: stop reached
Stopped both ways.
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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.