hey traders, first of all, Sry its mobile chart
As u can see theres potential invers H&S pattern in lower TF between this mid-term fibs
Target confirmed by all time fib ext lvl and potential supply zone in S&D strategy in 4H TF
So, im not telling u we r bullish, im just expecting some range market here in higher TF
Red zone was our previouse support zone and price broke it down, so we can expect this zone work as resistance area in nxt touches
So, its just a scalp, and position can b reverse at the Target
Entry willb first touch to the right shoulder
SL will b 4H close below the shoulder ( pattern will b invalid if price break down the head, im taking shoulder for SL because of R&R
Its over 1/4
If u trade 1/3 , u can use head in 4H for SL
Depends on ur strategy
Share ur thoughts and leave a comment