Price action and chart pattern trading setup
> A possible upcoming bullish triangle ABCDE wave within 1-2 months
> B-wave retraced 0.786 of A-wave and recent C-wave retraced exactly 0.786 of B-wave.
> Expecting uptrend D-wave at 0.786 of C-wave with an inverted head n shoulders reversal pattern.
> Entry: head n shoulders breakout
> Target: D-wave position +30%+
> Stoploss: right shoulder -10%
> RRR: 3:1
Indicator:
> MACD above signal line just below 0.
> RSI bullish momentum rebounded from MA line
Nothing is 100%, always trade with affordable risk and respect your stoploss
> A possible upcoming bullish triangle ABCDE wave within 1-2 months
> B-wave retraced 0.786 of A-wave and recent C-wave retraced exactly 0.786 of B-wave.
> Expecting uptrend D-wave at 0.786 of C-wave with an inverted head n shoulders reversal pattern.
> Entry: head n shoulders breakout
> Target: D-wave position +30%+
> Stoploss: right shoulder -10%
> RRR: 3:1
Indicator:
> MACD above signal line just below 0.
> RSI bullish momentum rebounded from MA line
Nothing is 100%, always trade with affordable risk and respect your stoploss