Gold - Inverse head and shoulders on hourly chart
An inverse head & shoulders is potentially forming on the hourly gold chart.
In this case, the IHS acts as a continuation pattern, as gold has been consolidating sideways for some time.
📊 Trade Plan:
Risk/Reward: 3.8
Entry: 3330.9
Stop Loss: 3320.8
Take Profit 1 (50%): 3361.5
Take Profit 2 (50%): 3379.3
💡 GTradingMethod Tip: Every moment in the market is unique. That’s why it’s crucial to predefine and accept your risk before entering a trade.
🙏 Thanks for checking out my post! Make sure to follow me to catch the next update. If you found this helpful, give it a like 👍 and share your thoughts 💬 — I’d love to hear what you think!
⚠️ Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.
In this case, the IHS acts as a continuation pattern, as gold has been consolidating sideways for some time.
📊 Trade Plan:
Risk/Reward: 3.8
Entry: 3330.9
Stop Loss: 3320.8
Take Profit 1 (50%): 3361.5
Take Profit 2 (50%): 3379.3
💡 GTradingMethod Tip: Every moment in the market is unique. That’s why it’s crucial to predefine and accept your risk before entering a trade.
🙏 Thanks for checking out my post! Make sure to follow me to catch the next update. If you found this helpful, give it a like 👍 and share your thoughts 💬 — I’d love to hear what you think!
⚠️ Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.
Dagangan aktif
Long position opened at 3328.19. Better entry than expected. Happy. Now lets wait patiently. This is the hardest part of trading for me.Dagangan ditutup: hentian tercapai
BE trade. It was looking really good.
Is there possibly a inverse head and shoulders on the 4 hourly?
Busy planning for that now.
Nota
Managed to get another entry on the H4 inverse head and shoulders. Lucky! Didn't have enough time to plan a post for TV.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.