Forming a bullish H&S?
Updated
We built a Double Bottom at ,715. with one of my former views, perhaps somebody caught this bottom :-)
At this bottom, the present upwave started. Today we have reached the first interesting resistance Zone at 0,75. If you watch the RSI you can see, that we are on the way to an overbought Level, but there is no selling Signal yet. Furthermore, the EMAs/SMAs are based at the present Level. - here is a Pivot resistance Cluster!
What can we do?
I have some ideas...:
Idea 1: Selling the resistance: Shortchance with a very nice Chance risk Ratio (risky and anticyclical):
Idea 2: Trying to catch the BreakOut (cyclical)
Idea 3: Trying to catch the anticycl.,ical Long, if we really should form a H&S
At this bottom, the present upwave started. Today we have reached the first interesting resistance Zone at 0,75. If you watch the RSI you can see, that we are on the way to an overbought Level, but there is no selling Signal yet. Furthermore, the EMAs/SMAs are based at the present Level. - here is a Pivot resistance Cluster!
What can we do?
I have some ideas...:
Idea 1: Selling the resistance: Shortchance with a very nice Chance risk Ratio (risky and anticyclical):
Idea 2: Trying to catch the BreakOut (cyclical)
Idea 3: Trying to catch the anticycl.,ical Long, if we really should form a H&S
Note
Note
rsi: no sell signal yet! Note
seems bullish still Note
Trade active
Idea 2: "Trying to catch the BreakOut (cyclical)" is active: today we see a nice dynamic and fast BreakOut:
Note
if i was long i for my own would place my initial sl near below the actual 38,2Another idea where to place your stop could be the BreakOut level.
Note
Note
reached min. tp Note
Trade closed manually
tp2 nearly touched these days... new thread here: 
Note
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