Inverse Head and Shoulders on #UNI #BTCSince the inverse head and shoulders are a bottoming pattern when it completes, you should focus on buying or taking long positions (owning the stock). The pattern completes when the asset's price rallies above the pattern's neckline or breaks through the resistance line.
How I like to trade:
As you can see on UNIUSD, we have a clear Inverse Head and Shoulders pattern and price is consolidating sideways for quite some time.
As an aggressive trader, i like to take a position before the breakout, In this case, i particularly like how we have the pattern formed and we are consolidating for awhile, this makes a strong case for an explosive move to come. The longer the consolidation, the bigger the move.
As always, Entry, StopLoss and Targets are key to anyone's success.
In the chart, see all price Entry, SL and Targets.
Happy trading.
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