Seems like a nice head and shoulders pattern emerged in EJ, confirmed by Elliott Wave count and divergence in RSI. No price action pattern though..
Komen
ravidp
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Thanks for this catch, I', waiting for the trend line to breakout. Tp1 around 127.08, TP2 as you described. Stop loss for me is if the trend line will break up again.
Thanks, have just subscribed to this alert. As for SL. Price may retest the trendline briefly spiking through it and then coming back, not violating the pattern.. It is important that it does not exceed 131 otherwise it is likely that the trend up is still on.
ravidp
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I agree about the SL, My SL trigger will be when the trend line breaks with more then 20 pips. Either way, if the SL will be triggered then I'll look at the graph and decide if to close or not depending on the price's movements
Tp1 around 127.08, TP2 as you described.
Stop loss for me is if the trend line will break up again.
You can use my alert if you want: traido.biz/app.php?r=61&source=tradingview