Reversed H&S
A reversed H&S on the Daily time frame.
Would wait to take over the weekly level first after being a strong resistance than take it as a support before opening a long position.
My setup would be as follow: long at 5.5 with a TP 6.9 with a SL 5.
That if it manages to breaks up the resistance and take it as support. More time is needed to validate this setup but it is a possible long setup with a 80% chance to be played.
Would wait to take over the weekly level first after being a strong resistance than take it as a support before opening a long position.
My setup would be as follow: long at 5.5 with a TP 6.9 with a SL 5.
That if it manages to breaks up the resistance and take it as support. More time is needed to validate this setup but it is a possible long setup with a 80% chance to be played.
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