Long

Inverse Head and Shoulders

Updated

Potential double shouldered IH&S. Stop loss below head, target projected by height of pattern.

Side: long
Entry: 10010.0
Stop Loss: 9797.0
Target: 10889.0
RR(BTC): 3.42
RR(USD): 4.13

Trade active

Note

- Lower low has broken IH&S pattern
- Stop Loss not yet triggered; Trade still active
- Target lowered to reflect change in structure

Side: long
Entry: 10010.0
Stop Loss: 9797.0
Target: 10774.0
RR(BTC): 2.99
RR(USD): 3.59

Note

Trade closed manually

- Trade closed in profit
- Price expected to return to entry before reaching target

Side: long
Entry: 10010.0
Stop Loss: 9797.0
Closing price: 10460.0
RR(BTC): 1.78
RR(USD): 2.11

OrigamiOracle

Related publications

Head and Shoulders

by OrigamiOracle

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