Head & shoulder pattern long entry

٧ مايو ٢٠٢٣

15m: The classic Head and Shoulders pattern came out.
However, since my bias is long in htf,
I see it as a short trap and saw the opportunity of long entry at retail sell stops.


6h: This is the htf liquidity area I am looking for.
Since I already have a long position from below, I set the target price of the new long position at a mid-term bearish ob.