NIFTY - Inverse Head and Shoulders

Two possible trades:

Trade 1:
Long at current price, hold to target, stop at the tip of the right shoulder. (RR ~ 3:1)

Trade 2: (Only on failure of trade 1)
Immediately take short trade after the long trade is stopped out, target marked as per failure rules of inverse head and shoulders. (RR ~ 2.5:1)

Trade closed: stop reached:

Trade failed. Flipped short.

Trade active:

Short was entered at flip. Currently combo breakeven.

Comment:

Case 2 active.

Trade closed: stop reached:

Stopped both ways.