BVT - Inverse H&S long idea
Updated
Inverted H&S on the hourly signals a long trade if it closes above R142. Full target is R154. Stop loss is a close below R138, then trend continues downwards.
Trade active
Idea is active. Stop loss close below R138Trade active
Trade is still active. With the opening of level 2 there could be some positive sentiment coming back to SA inc. Stop loss is still a close below R138.Trade active
Trade idea is still active and has made higher lows and higher highs since the break of R142. R148 will be a level to watch and could be an opportunity to take some risk off should things start to go sideways. Stop loss is still a close below R138 but if you want to be more conservative you can move it to a close below R140.Trade closed: stop reached
Idea is now closed. 1st target was reached but it has now broken lower highs so it's time to get out. R150 once again showing resistance.Disclaimer
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