Possible Reversal
Updated
H&S pattern formation + Divergence + Daily Ressistance (orange rectangle) + Rising Wedge.
2 Possible entries (manage your risk accordingly).
- 1. @ Rising Wedge breakout
- 2. @ Pullback after breakout of rising wedge.
We can go for a quick 1:1 or 1:2, or if you are more aggressive you may trail your SL and set to BE after 1:1. Adjust your SL after entry!
I'll wait for clear PA confirmation + additional confluence -Fib, EMA, SR-, (remember H1 timeframe is more 'noisy' so be careful), otherwise I won't take this trade!
Peace
2 Possible entries (manage your risk accordingly).
- 1. @ Rising Wedge breakout
- 2. @ Pullback after breakout of rising wedge.
We can go for a quick 1:1 or 1:2, or if you are more aggressive you may trail your SL and set to BE after 1:1. Adjust your SL after entry!
I'll wait for clear PA confirmation + additional confluence -Fib, EMA, SR-, (remember H1 timeframe is more 'noisy' so be careful), otherwise I won't take this trade!
Peace
Trade closed manually
You may protect/close your trade or trail your SL. We are on a D support (orange horizontal line) and it might not breakout. MTF shows bullish PA.Trade closed: target reached
TP HIT, if you are a more aggressive trader you may trail your SL. Cheers!
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