valid break up in head & shoulders pattern
Updated
first the price broke the neck line and now pull back is happening so we just wait for a good ascending candle to open a long position.
note: be careful of your position and put your stop loss a bit under the neck line
note: be careful of your position and put your stop loss a bit under the neck line
Trade active
pullback is completed on 4H time frame.you should be careful that I shared the head & shoulder pattern in 1H TF but it actually happening in 1D TF so don't close your position as the price is not breaking down the neck line in 1D TF we still hold our position.
Trade closed: stop reached
our stop loss is touched and the head and shoulders pattern is failed!note: as you know due to the the sharp increase in bitcoin price, altcoins are not in a good position for trade and we have accepted this risk.
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