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
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
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Related publications
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.