Suggestion for a potential reversal in Cable .
There may be an Inverse H&S forming. So far a left shoulder and head are present.
Price needs to get into the termination zone highlighted to consider an Inverse H&S formed.
Long Trade suggestion
1. Entry - conditions for an Inverse H&S must be in place. Trigger would be a bullish candle .
2. Stop below the termination zone by 1 atr.
3. Target - Supply zone above
RR = 6
There may be an Inverse H&S forming. So far a left shoulder and head are present.
Price needs to get into the termination zone highlighted to consider an Inverse H&S formed.
Long Trade suggestion
1. Entry - conditions for an Inverse H&S must be in place. Trigger would be a bullish candle .
2. Stop below the termination zone by 1 atr.
3. Target - Supply zone above
RR = 6