There is a beautiful reverse Head and Shoulder forming on the chart. The second shoulder is yet to form and this might turn a good positional trade with very low SL. I just spotted it and thought that I might share this in addition to the weekly trade plan that I share every Sunday. Keeping strict SL (any 2 Hour candle closing above resistance would be SL) and hope that I would get good RR in this trade. Thank you!
Comment:
This is strictly POSITIONAL, expect target getting delayed, huge patience is required. And only action to be taken is to take SL.
Trade closed: stop reached:
This trade hit SL. Worth a try for huge RR. Will post any such opportunity whenever I spot them else weekly trade is already good enough. Thank you!