Very nice and clear head and shoulders pattern spotted, price failing to break average lows so assuming a pullback to trendline marked by H&S pattern
Sniper entry at key area, expecting price to retest once again and break out of the consolidation area, pushing back to previous highs before strong bearish pull down.
Here we have a potential sniper entry (retest) after a break of structure, my previous post highlighted the BOS so assuming there will be a retest with a push to the upside. May hit stop loss due to recent market volatility but if all goes well I will be planning on leaving 50% as 1:8 and moving TP to 1:18 for the other 50% with SL at breakeven.
Day candles show a recent break in structure, causing price to remain outside of previous trend, high probability that price eithe rrockets up or down but remaining bullish
AOI, expecting price action to continue fluctuating until bounce off demand zone to premium supply, considering a trade for the push back to previous highs but will only do that once confirmation of bullish trend.
Second one unlikely to bounce off entry so entered a new trade
Noticed a key level in the market that has been retested for months, expecting price to bounce back off previous lows and enter a bullish trend towards the upside. Set SL slightly below previous low and TP at exit of consolidation area. Might be unlucky and be taken outve the trade but willing to take the risk.