Potential inverse head and shoulders on NASDAQ (CASH100) - 15min

14 Ağu

I’m watching the Cash100 for a potential long setup.

On the 15min chart, an inverse head and shoulders pattern appears to be forming — potentially a continuation pattern following this week’s strong upward move.

I’m still waiting for confirmation of key variables, which will be assessed at 11:30am (GMT+1).

Trade Details:

📊 Risk/Reward: 2.4
🎯 Entry: 23 845
🛑 Stop Loss: 23 825
💰 Take Profit 1 (50%): 23 891
💰 Take Profit 2 (50%): 23 912

#GTradingMethod Tip: Lower volume on the right shoulder vs. the left shoulder strengthens the setup.

Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.

14 Ağu

İşlem aktif

Trade opened and stop loss moved to BE.

14 Ağu

İşlem kapandı: durdurma seviyesi

I am glad I took 50% profits slightly early. My guess was correct and volatility spiked on the ppi announcement. The remaining 50% of my position was closed at BE. Overall, still a profitable trade.