PRICE ACTION

PRICE ACTION

poniedziałek, 16 lipca 2012

My favorite early reversal pattern.
It's very hard to enter, as there is a few spots to consider. You should look at it as you look on reversed H&S pattern, and imagine you are trying to take early entry on top(bottom) of right shoulder.
This is H1 chart with my long term strategy trade, where I piramide, scale in & out, and trail stop. Red line is my initial entry, now break even, green line is partial TP will be moved as necessary.
Consider 1.2245 or 1.2210 as possible additional entry levels. Be very careful, as we might not go up right away, and consolidate for longer here.

Brak komentarzy:

Prześlij komentarz