BUY NOW
This chart depicts an inverse head-and-shoulders pattern, a bullish reversal signal, alongside a rising channel. Here’s a breakdown of the potential strategy based on the chart:
Key Observations:
1. Inverse Head and Shoulders:
Left Shoulder: Initial peak followed by a decline.
Head: Deeper low at "TOP 2."
Right Shoulder: Higher low compared to the head, signaling potential reversal.
2. Rising Channel:
Price is currently trending upward within a parallel channel.
3. Entry Zone:
Around $2,620.27 (highlighted area near the breakout of the neckline).
4. Targets:
First target: $2,658.13 (as marked).
Second target: Potential continuation above the rising channel if momentum holds.
5. Stop Loss:
Below $2,600.30 to mitigate downside risk in case of pattern failure.
Trading Idea:
Buy Entry: On a successful breakout above the neckline ($2,620.27) or upon retesting the lower end of the channel.
Take Profit: Scale out near $2,658.13 or higher.
Risk Management: Use a tight stop loss below the rising channel or neckline.
Would you like further refinements or detailed analysis on this?
Key Observations:
1. Inverse Head and Shoulders:
Left Shoulder: Initial peak followed by a decline.
Head: Deeper low at "TOP 2."
Right Shoulder: Higher low compared to the head, signaling potential reversal.
2. Rising Channel:
Price is currently trending upward within a parallel channel.
3. Entry Zone:
Around $2,620.27 (highlighted area near the breakout of the neckline).
4. Targets:
First target: $2,658.13 (as marked).
Second target: Potential continuation above the rising channel if momentum holds.
5. Stop Loss:
Below $2,600.30 to mitigate downside risk in case of pattern failure.
Trading Idea:
Buy Entry: On a successful breakout above the neckline ($2,620.27) or upon retesting the lower end of the channel.
Take Profit: Scale out near $2,658.13 or higher.
Risk Management: Use a tight stop loss below the rising channel or neckline.
Would you like further refinements or detailed analysis on this?
✅ ✅ Perfect Signals Provider With 90% Accuracy
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/ForexRoyalXauusdGroup
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/ForexRoyalXauusdGroup
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.