In this analysis, there is a break of htf (4h) falling wedge reversal pattern followed by a forming Head and shoulder pattern.
to ride the trend.
HOW DO WE ENTER:
On a break of trendline with a perfect retest/correction on trendline to ride the next impulse
SETUP INVALIDATION?
Formation of bearish patterns
TRADE CRITERIA:
Risk and Reduce entry
3:1rr
Inverse Hns formation
Falling wedge reversal
Thanks for reading
AS ALWAYS TRADE SAFE AND STAY SAFE!!!
to ride the trend.
HOW DO WE ENTER:
On a break of trendline with a perfect retest/correction on trendline to ride the next impulse
SETUP INVALIDATION?
Formation of bearish patterns
TRADE CRITERIA:
Risk and Reduce entry
3:1rr
Inverse Hns formation
Falling wedge reversal
Thanks for reading
AS ALWAYS TRADE SAFE AND STAY SAFE!!!
評論:
we didn't get in on this (we are saved) because price didn't give us what we were expecting which is a sharp bullish impulse you followed by a retest/correction but instead price broke-out and reversed back into the pattern. I'M STILL OVERALL BULLISH ON THIS, i'm watching out for the 3rd touch let's see what the third touch brings
