Head & Shoulder Trading Strategy
Updated
Attached above is a clear representation of how i generate a trade signal using chart patterns in confluence with indicators.
Trade 1:
Entry - Right Shoulder, 38.20% Fibonacci, Trendline Resistance, 50EMA
Stop Loss - Above The Head & All Structure Resistance.
Take Profit - Head & Shoulder Neckline Retest.
Trade 2:
Entry - Neckline Breakout
Stop Loss - Above Right Shoulder
Take Profit: 1:1 RR
DISCLAIMER:
I am only providing my own trading information and techniques, you should apply your own due diligence and not take this information as a trade signal / strategy.
Trade 1:
Entry - Right Shoulder, 38.20% Fibonacci, Trendline Resistance, 50EMA
Stop Loss - Above The Head & All Structure Resistance.
Take Profit - Head & Shoulder Neckline Retest.
Trade 2:
Entry - Neckline Breakout
Stop Loss - Above Right Shoulder
Take Profit: 1:1 RR
DISCLAIMER:
I am only providing my own trading information and techniques, you should apply your own due diligence and not take this information as a trade signal / strategy.
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Risk management education.
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Textbook setup from Bitcoin.
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