BOME Bullish Head and Shoulders pattern
Updated
We can see here on BOME a clearly formed Bullish Head and Shoulders pattern.
Entry on break above the neckline.
Stop loss below right shoulder at 0.002189.
TP1 - Height of H&S pattern.
TP2 - Previous Resistance 0.004881
TP3 - Worth holding a percentage for a potential moonshot
Entry on break above the neckline.
Stop loss below right shoulder at 0.002189.
TP1 - Height of H&S pattern.
TP2 - Previous Resistance 0.004881
TP3 - Worth holding a percentage for a potential moonshot
Trade active
Broke above neckline, entered trade.Trade closed: target reached
TP1 Reached, moved stops to below swing low at 0.015.5. Later we pulled back, so trailing Stop hit in profit. Nice trade. Waiting for the next entry!Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.