If the 2 bearish candles didn't appear before the market close, the Head and Shoulders formation is an almost perfect setup.
Now we need to have the awareness that the Bullish Shark Pattern may form and that will weaken the Shark Pattern.
At this moment it is still too early to make any decision, it will be critical when the candle break and close below Point B.
2nd Target for the Head and Shoulders is at a Risk-Free setup. In fact, the stop-loss has locked 16pips of profit and that is the Worst Case Scenario for this trade. The Best Case Scenario will bring you a 217pips(approx. 2,170USD/lot) potential.
Now, that's why Patience is Virtue!
Now we need to have the awareness that the Bullish Shark Pattern may form and that will weaken the Shark Pattern.
At this moment it is still too early to make any decision, it will be critical when the candle break and close below Point B.
2nd Target for the Head and Shoulders is at a Risk-Free setup. In fact, the stop-loss has locked 16pips of profit and that is the Worst Case Scenario for this trade. The Best Case Scenario will bring you a 217pips(approx. 2,170USD/lot) potential.
Now, that's why Patience is Virtue!
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🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🚀 Get into our Discord to receive our live market analysis!
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
🧑🏫Analysis now at Substack
🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🚀 Get into our Discord to receive our live market analysis!
discord.gg/AKDr9vPqH7
🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🚀 Get into our Discord to receive our live market analysis!
discord.gg/AKDr9vPqH7
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.