Possible Reversal
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!
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.
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.