Reason to go Long:
- Inverse Head & Shoulders pattern
- Rejection at Support on 1D
Reasons not to go Long:
- The neckline touch between left Shoulder and the head is just a long wick and can only be seen on the 15M
Targets:
TP1 - Just Below 0.618 Fib of previous Swing low
TP2 - Inverse H&S target
Risk:
33 Pips
- Inverse Head & Shoulders pattern
- Rejection at Support on 1D
Reasons not to go Long:
- The neckline touch between left Shoulder and the head is just a long wick and can only be seen on the 15M
Targets:
TP1 - Just Below 0.618 Fib of previous Swing low
TP2 - Inverse H&S target
Risk:
33 Pips