Trade management.
Also for This pair the first TP hit with more than 1:4RR, we secure some Profit and continue letting the trade run until we hit the TP2,
Trade management .
After clear rejection of the zone and closure of the Daily candlestick gives us the opportunity to take the trade with clear 1:2RR, for traders using 4HR TF they manage to enter the trade early and get more of 1:3RR.
Late shared analysis.
The price break out of descending channel to me i call it (Inverse flag), and length of the flag pole(blue line), it will correspond with the TARGETED PROFIT after breakout and retest of the pattern. Any idea to add?
DAILY TF, the price is in Descending Channel, the rejection at lower trendline of the channel will give us opportunity to go LONG, although in Monthly TF the price still in retest to 1.32000/1.310000.
Last week i have been trading NAS100, in daily TF only using HEAD & SHOULDER PATTERN, but as we can see in Weekly TF the price is in Ascending channel and also its reach the broken RESISTANCE level. Will this level act as new SUPPORT level or the price will still follow the Weekly channel?
