NIFTY - Inverse Head and Shoulders
Updated
Two possible trades:
Trade 1:
Long at current price, hold to target, stop at the tip of the right shoulder. (RR ~ 3:1)
Trade 2: (Only on failure of trade 1)
Immediately take short trade after the long trade is stopped out, target marked as per failure rules of inverse head and shoulders. (RR ~ 2.5:1)
Trade 1:
Long at current price, hold to target, stop at the tip of the right shoulder. (RR ~ 3:1)
Trade 2: (Only on failure of trade 1)
Immediately take short trade after the long trade is stopped out, target marked as per failure rules of inverse head and shoulders. (RR ~ 2.5:1)
Trade closed: stop reached
Trade failed. Flipped short.Trade active
Short was entered at flip. Currently combo breakeven.Note
Case 2 active.Trade closed: stop reached
Stopped both ways.
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