One thought on “Caught 150pips off the Inverse H&S on EJ”
Price has been trading downwards from the 4hr Supply Zone on EJ. The setup consisted of waiting for the market to drop to Demand level and print a confirmation candle/pattern, of which In This case we got a perfect inverse head and shoulders pattern on the 4hr Tf.I put a buy limit order on the right shoulder and buy stops on the neckline and the market reacted accordingly.Looking for price to go further upside back to the Supply zone.👌🏾
Price has been trading downwards from the 4hr Supply Zone on EJ. The setup consisted of waiting for the market to drop to Demand level and print a confirmation candle/pattern, of which In This case we got a perfect inverse head and shoulders pattern on the 4hr Tf.I put a buy limit order on the right shoulder and buy stops on the neckline and the market reacted accordingly.Looking for price to go further upside back to the Supply zone.👌🏾