King's Crown formation. This occurs when we have the following:
1. Trend line break.
2. AB boundary broken south with a lower low created.
3. Right tip (shoulder) creation that matches with left tip (shoulder).
Entry @ current price of 137.27
TP @ 135.65
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
1. Trend line break.
2. AB boundary broken south with a lower low created.
3. Right tip (shoulder) creation that matches with left tip (shoulder).
Entry @ current price of 137.27
TP @ 135.65
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Comment:
TP taken in case it retraces before hitting original target. Always lock in profits and do not get greedy. 2 sell positions closed @ 190 pips total.
