Watching AUS200 for a potential short setup — possible head and shoulders on the hourly chart. Left shoulder and head complete; waiting to see if right shoulder forms to confirm.
All my setup variables are met so far.
#GTradingMethod calculates take profits using the distance between the head’s peak and neckline, projected downwards.
Risk/Reward: 3.4
Entry: 8838.3
Stop Loss: 8865.8
TP1 (50%): 8753
TP2 (50%): 8716
Join the journey, what are your guys and girls thoughts on how to trade a head and shoulders, and does anyone track the AUS200?
Disclaimer: Please note, this is not financial advice. This content is intended to track my trading journey and for educational purposes only
All my setup variables are met so far.
#GTradingMethod calculates take profits using the distance between the head’s peak and neckline, projected downwards.
Risk/Reward: 3.4
Entry: 8838.3
Stop Loss: 8865.8
TP1 (50%): 8753
TP2 (50%): 8716
Join the journey, what are your guys and girls thoughts on how to trade a head and shoulders, and does anyone track the AUS200?
Disclaimer: Please note, this is not financial advice. This content is intended to track my trading journey and for educational purposes only
Order cancelled
Right shoulder has too many candles. Following my rules and setup has therefore invalidated. Time to keep looking for more setups
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.