Price action and chart pattern trading setup
> Inverted head & shoulders trend reversal pattern
> Support Neckline 1st entry at breakout and 2nd entry at pullback
> 1st target at SMA50 as key resistance
> 2nd target at SMA200 or volume profile point of control
> Stoploss at near lowest inverted head position
> risk ratio : 2:1 is recommended for medium term trade
Indicators:
> strong smart money and banker chip volume support
> Fundflow rebounded for the first time coming out of oversold area
> BBD positive signal uptrend above baseline
> KDJ Sto positive ribbon uptrend
Always trade with affordable risk and respect your stoploss
> Inverted head & shoulders trend reversal pattern
> Support Neckline 1st entry at breakout and 2nd entry at pullback
> 1st target at SMA50 as key resistance
> 2nd target at SMA200 or volume profile point of control
> Stoploss at near lowest inverted head position
> risk ratio : 2:1 is recommended for medium term trade
Indicators:
> strong smart money and banker chip volume support
> Fundflow rebounded for the first time coming out of oversold area
> BBD positive signal uptrend above baseline
> KDJ Sto positive ribbon uptrend
Always trade with affordable risk and respect your stoploss