Reversed H&S
A reversed H&S on the Daily time frame.
Would wait to take over the weekly level first after being a strong resistance than take it as a support before opening a long position.
My setup would be as follow: long at 5.5 with a TP 6.9 with a SL 5.
That if it manages to breaks up the resistance and take it as support. More time is needed to validate this setup but it is a possible long setup with a 80% chance to be played.
Would wait to take over the weekly level first after being a strong resistance than take it as a support before opening a long position.
My setup would be as follow: long at 5.5 with a TP 6.9 with a SL 5.
That if it manages to breaks up the resistance and take it as support. More time is needed to validate this setup but it is a possible long setup with a 80% chance to be played.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.