Possible H&S forming on the hourly chart as price did not break above the high therefore a short position was entered. Stop loss would be above the high and the potential profit target would be $168 and $157.
Depending on price action when the first target is hit, trade plan could be modified.
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Comment below and let me know what you think!
Thank you
Depending on price action when the first target is hit, trade plan could be modified.
Please hit the 'like' and give me a follow!
Comment below and let me know what you think!
Thank you
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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.
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.