Very good setup here

We have printed a Head and shoulder on the 4h time frame
It's a break and retest of the neck line
EMA have crossed

for the Tp if we go on the Weekly time frame we can see a W formation so the neckline is the take profit

We have good stop loss protected by the neckline of the head and shoulder, also protected by the shoulder and the Fibonaci took High to the Low protected by the last retracement level which is 78.60%

We have a risk to reward of 3/1 as always

Trade active

I just added an other position of the break and retest
now i have 2 position I m waiting to put everything breakeven after the next structure.

Note

this is how its looking right now

Trade closed: stop reached

I dont know what happened but i got stop out and the market didn't reach my SL.
Basicly the spread touch my stop loss, after the daily close the spread went 20-25 pips above the current market price.

That's very sad.. My entry was so perfect..

Note

Unlucky I guess got out of this trade because of a mega spread

Trade closed: target reached

Take was a pretty good trade near for the tp right now

SamuelForexTrader

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SamuelForexTrader

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