TRADE IDEA. Possible inverse H&S forming

Trade idea. Possible inverse head and shoulders in the making.



Price successfully reclaimed and retested 200 EMA on 4H and currently holding above 20 EMA as well.

There is also hidden bullish divergence in the making.

A successful break and retest of 4.44 level may indicate continuation with a potential profit of 20%.

Everything on the chart.



Have a great Sunday everyone!

Cheers.

:)

Zlecenie aktywne:

As expected, DOTUSD went through resistance and now all we need is a successful retest of that level to confirm S/R flip and we can LONG it then to be safe ;)

Let's see if we can get there.

Cheers.

Zlecenie aktywne:

Beautiful, retest confirmed and immediate move back up!

Trade active and alive!

Now testing next resistance :)

Zlecenie aktywne:

Price reached third resistance at 4.8 level and now on the way back to retest 4.58 and claim it as support.

Nice profit since the retest at 4.4 level. Closed half on the way up and left the rest is in the game.

Invalidation, stop loss at 4.5.

Transakcja zakończona: osiągnięto poziom stop