Price action and chart pattern trading setup -
> Inverted Head & Shoulders reversal pattern in TFD
> 1st Entry at breakout and 2nd entry at pullback neckline
> 1st Target at SMA400 zone (Fibonacci retracement 0.382) and 2nd Target - SMA200 (0.618)
> Stoploss at the inverted head position
> Recommended risk ratio at 2:1 for medium term trade
Indicator:
> Smart money and banker chip huge volume support
> Banker fundflow RSI coming out of oversold area
> BBD bullish breakout golden cross above baseline
> KDJ Stochastic in uptrend ribbon
Always trade with affordable risk and respect your stoploss
> Inverted Head & Shoulders reversal pattern in TFD
> 1st Entry at breakout and 2nd entry at pullback neckline
> 1st Target at SMA400 zone (Fibonacci retracement 0.382) and 2nd Target - SMA200 (0.618)
> Stoploss at the inverted head position
> Recommended risk ratio at 2:1 for medium term trade
Indicator:
> Smart money and banker chip huge volume support
> Banker fundflow RSI coming out of oversold area
> BBD bullish breakout golden cross above baseline
> KDJ Stochastic in uptrend ribbon
Always trade with affordable risk and respect your stoploss
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