Price action had a bearish H&S pattern previously. However, it manages to break the previous high form the left shoulder, signaling a change on the trend. Now heading towards the broken supply zone, a buy position at the ascending trendline is placed.
The order:
Type: sell-limit
S/L: 50 pips - R:R | 1:2.5 -
T/P: previous high
--
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The order:
Type: sell-limit
S/L: 50 pips - R:R | 1:2.5 -
T/P: previous high
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
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FACEBOOK
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t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.