EOS/USD - H&S Pattern

23 thg 9, 2018

The idea is to trade the potential break-out of the neckline of the pattern targeting 5.2 levels with Stop just above last shoulder. If there will be another move higher and close above the 2nd shoulder than the pattern and the trade set-up would not be valid anymore.

23 thg 9, 2018

Ghi chú

I started posting my ideas just a week ago,
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23 thg 9, 2018

Ghi chú

BTC/USD is set to go go down soon, check out this chart:

23 thg 9, 2018

Ghi chú

Despite the fact that there was a move higher above the second shoulder, I still think that its reasonable to trade the breakout of the neckline with the SL above the recent high.

24 thg 9, 2018

Giao dịch đang hoạt động

The trade was opened on the break of the neckline, with the new SL just under 6.17 level, target remained unchanged.

24 thg 9, 2018

Giao dịch đang hoạt động

A quick update on the pattern. Have slightly modified it based on the most recent price action.

24 thg 9, 2018

Ghi chú

The RRR is even better now than initially anticipated.

25 thg 9, 2018

Đóng lệnh: đạt mục tiêu

Based on the modified pattern, the TP level has been reached (5.327).
Still, expect the price action to go further down.
Thanks to all who liked and followed this idea.