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Inverse Head and Shoulders Trading #BTC #UNI #CHARTPATTERN
Traditionally, you would trade the inverse head and shoulders by entering a long position when the price moves above the neckline.
You would also place a stop-loss order (trade stop at a set point) below the right shoulder's low point.
There are 2 entry possibilities,
1-Conservative Entry is at the break of the Neckline
2-Aggressive Entry is in the middle of the Right Shoulder
I'm an Aggressive trader so I like to enter in the middle of the right shoulder which makes a better Risk / Reward Ratio.
Targets, I always like to take 50% profit at the 50% mark of the measured move.
On the chart, you see all possibilities.
Happy trading.
Please support our work with like & comment!
#BTC #CRYPTO #UNI #CHARTPATTERN #INVERSEHEADANDSHOULDERS #TRADINGIDEA
You would also place a stop-loss order (trade stop at a set point) below the right shoulder's low point.
There are 2 entry possibilities,
1-Conservative Entry is at the break of the Neckline
2-Aggressive Entry is in the middle of the Right Shoulder
I'm an Aggressive trader so I like to enter in the middle of the right shoulder which makes a better Risk / Reward Ratio.
Targets, I always like to take 50% profit at the 50% mark of the measured move.
On the chart, you see all possibilities.
Happy trading.
Please support our work with like & comment!
#BTC #CRYPTO #UNI #CHARTPATTERN #INVERSEHEADANDSHOULDERS #TRADINGIDEA
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