Tellor just formed Head and Shoulders🤷 pattern on 15m and also broke the yellow uptrendline IF price breaks the Neckline 39.15 and stays below for a few bars, I will set SELL LIMIT order to the neckline level to catch the backtest as I think there is chance for drop to 35.9 later.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
- ENTRY: backtest of the Neckline @ 39.1
- STOPLOSS (SL): Left Shoulder @ 40.47
- TARGET (TP): Inverted H&S target projection @ 35.9
- REWARD RISK RATIO (RRR): 2.5
- INVALIDATION: when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Trade active:
So we got the neckline break and price stayed below for few bars, and then pulled back to the neckline. I'm in. Order filled ✔️
Trade closed: stop reached:
Stoploss hit 🛑
