XAUUSD / H&S Idea
Updated
This looks like a inverse head and shoulder pattern, we could see more upside to 1907 (our target) which was measured from the distance between the shoulders or ' channel ' before the price broke down to form the head.
Two possible entries:
1. 1885
2. 1896
Set your own stoplosses. Use your own risk management. However, I'd like you to kindly note:
You can enter a little later on the top position, making sure it is a clear break before you enter to give you a little more confidence. You don't need to ' RUSH ' into your positions.
Be safe.
I will make a comment later on in this idea
Two possible entries:
1. 1885
2. 1896
Set your own stoplosses. Use your own risk management. However, I'd like you to kindly note:
You can enter a little later on the top position, making sure it is a clear break before you enter to give you a little more confidence. You don't need to ' RUSH ' into your positions.
Be safe.
I will make a comment later on in this idea
Trade active
Note
Kindly Note:Once you are in profit in ANY position, make sure you move your stoploss to entry OR just above it to secure any profit incase of a market redirection.
Trade active
Trade Actions:Move your Stop Loss 50 to 100 pips in front of entry.
Move your TP to 1899
Trade active
Trade Actions:Hold position, move your stop if needed.
Trade closed manually
Banking Profit. Closing Trades.Will re-enter when we find an appropriate price.
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