Uni shows an inverse head and shoulders.
Hello traders!!
After having made a quick analysis i think that it could be a good moment to enter a long position in UNISWAP due to the reversal pattern that shows in 4h time frame.
The inverted head and shoulders pattern signals a book long. The correct entry is when the pattern is confirmed, that is when the price surpasses the neck line.
There is two possibilities one is to enter now and the other is to enter after the breakout of the neckline.
I'm going to take the risk and i will enter now a long at 4.0$ with stop loss at 3.80$ and targets 4.45$ 4.90$ and 5.45$.
When the price reaches 4.25$ i will put the stop loss at entry.
I will be glad to see your opinion in the comments. Please give a like if you agree with me, it helps a lot.
After having made a quick analysis i think that it could be a good moment to enter a long position in UNISWAP due to the reversal pattern that shows in 4h time frame.
The inverted head and shoulders pattern signals a book long. The correct entry is when the pattern is confirmed, that is when the price surpasses the neck line.
There is two possibilities one is to enter now and the other is to enter after the breakout of the neckline.
I'm going to take the risk and i will enter now a long at 4.0$ with stop loss at 3.80$ and targets 4.45$ 4.90$ and 5.45$.
When the price reaches 4.25$ i will put the stop loss at entry.
I will be glad to see your opinion in the comments. Please give a like if you agree with me, it helps a lot.
Trade closed manually:
Closed at entry, pattern not confirmed yet