Hello traders this is a trade that almost everyone sees it coming but it is too good to be true.
We have a clear breakout of this downtrend.
An inverted head and shoulders some might say cup and handle.
A lot of ppl (including me) are going to put their SL inside this zone but that can be dangerous I recommend taking a better entry or just leaving this trade bcz it is too risky. Do not be a victim of FOMO.
Lets wait for the bounce first then we will secure our position that is all I am saying and do not simply enter after the trendline touches the trendline because this might be a very strong downtrend.
We have a clear breakout of this downtrend.
An inverted head and shoulders some might say cup and handle.
A lot of ppl (including me) are going to put their SL inside this zone but that can be dangerous I recommend taking a better entry or just leaving this trade bcz it is too risky. Do not be a victim of FOMO.
Lets wait for the bounce first then we will secure our position that is all I am saying and do not simply enter after the trendline touches the trendline because this might be a very strong downtrend.
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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.