Using confirmation for both the Fibonacci retracement level and inverse head & shoulder, the strategy is potentially robust enough to cover both bull and bear situation.
Strategy:
1. if moving toward resistance 1 and breakthrough, can long targeting resistance 2 using support 1 as a potential stop-loss point.
2. if moving toward support 2 and breakthrough, can short targeting support 3 using support 2 as a potential stop-loss point.
Note: This idea is simply speculation and does not indicate any recommendation nor take any responsibility.
Strategy:
1. if moving toward resistance 1 and breakthrough, can long targeting resistance 2 using support 1 as a potential stop-loss point.
2. if moving toward support 2 and breakthrough, can short targeting support 3 using support 2 as a potential stop-loss point.
Note: This idea is simply speculation and does not indicate any recommendation nor take any responsibility.
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