1. Inverted Head and Shoulders Pattern
This is a classic bullish reversal pattern.
You've marked the left shoulder, head, and right shoulder, and the neckline is broken to the upside.
Breakout confirms trend reversal from bearish to bullish.
2. Break of Trendline
A long-term bearish trendline was clearly broken.
Price broke above it with momentum, showing bullish strength.
3. Fib Confluence
Entry area is around the 61.8%–78.6% Fibonacci retracement zone.
Combined with support zone = high-probability reversal area.
4. Change of Character (CHoCH)
CHoCH confirms that the market has shifted structure from lower highs/lows to potential higher highs/lows.
You can see the higher low (HL) forming already.
5. Strong Bullish Candles
The breakout move is supported by strong bullish candles, showing buying pressure.
We're entering on a confirmed bullish reversal – Inverted Head & Shoulders breakout, trendline breach, and bullish market structure shift. Fib zone confluence seals the setup. Buy-side pressure is in control.
This is a classic bullish reversal pattern.
You've marked the left shoulder, head, and right shoulder, and the neckline is broken to the upside.
Breakout confirms trend reversal from bearish to bullish.
2. Break of Trendline
A long-term bearish trendline was clearly broken.
Price broke above it with momentum, showing bullish strength.
3. Fib Confluence
Entry area is around the 61.8%–78.6% Fibonacci retracement zone.
Combined with support zone = high-probability reversal area.
4. Change of Character (CHoCH)
CHoCH confirms that the market has shifted structure from lower highs/lows to potential higher highs/lows.
You can see the higher low (HL) forming already.
5. Strong Bullish Candles
The breakout move is supported by strong bullish candles, showing buying pressure.
We're entering on a confirmed bullish reversal – Inverted Head & Shoulders breakout, trendline breach, and bullish market structure shift. Fib zone confluence seals the setup. Buy-side pressure is in control.
Trade closed: target reached
I close this pair i was not waiting for TP
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.
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.