Nickel: a head and shoulder: breakout or reject?
Updated
1. IF breakout, trade on the short side using the high of the breakout candle as SL
2. IF the neckline is rejected and there exist a bullish div in 2HR chart, take a long position on the next candle on confirmation of the rejection
2. IF the neckline is rejected and there exist a bullish div in 2HR chart, take a long position on the next candle on confirmation of the rejection
Trade closed: target reached
There was a bullish div in 1 hour at the neckline and nickel gave the target in one day itself! Till next trade!
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