EOS/USD - H&S Pattern

2018年9月23日

The idea is to trade the potential break-out of the neckline of the pattern targeting 5.2 levels with Stop just above last shoulder. If there will be another move higher and close above the 2nd shoulder than the pattern and the trade set-up would not be valid anymore.

2018年9月23日

註釋

I started posting my ideas just a week ago,
Please support me with likes and follows, it will keep me motivated uploading free stuff every day!

2018年9月23日

註釋

BTC/USD is set to go go down soon, check out this chart:

2018年9月23日

註釋

Despite the fact that there was a move higher above the second shoulder, I still think that its reasonable to trade the breakout of the neckline with the SL above the recent high.

2018年9月24日

交易進行

The trade was opened on the break of the neckline, with the new SL just under 6.17 level, target remained unchanged.

2018年9月24日

交易進行

A quick update on the pattern. Have slightly modified it based on the most recent price action.

2018年9月24日

註釋

The RRR is even better now than initially anticipated.

2018年9月25日

交易結束：目標達成

Based on the modified pattern, the TP level has been reached (5.327).
Still, expect the price action to go further down.
Thanks to all who liked and followed this idea.