Beautiful H&S setup is forming on Euro/NZ Dollar. I wouldn't recommend opening any trades on Friday, so the setup is for next week. Shoulders are perfectly aligned, head is clearly shaped. Nothing else to doubt about.
This setup has a very nice R:R potential so you can adjust your TP according to your trading plan. Preferred SL should be below the right shoulder. My personal TP is the monthly R1 which sounds very ambitious target but I am willing to hold the trade as long as it takes.
Have a nice trading week ahead! :)
This setup has a very nice R:R potential so you can adjust your TP according to your trading plan. Preferred SL should be below the right shoulder. My personal TP is the monthly R1 which sounds very ambitious target but I am willing to hold the trade as long as it takes.
Have a nice trading week ahead! :)
Trade closed: target reached:
