Hello Traders,
GA has completed a head and shoulders on the daily and for me to be involved in this trade I am looking for a retracement into the PRZ, which I believe to be a high probability reversal area if price action tests this zone. If completed, I will be expecting a harmonic move to the downsize to my target area in green. This is not a traditional head and shoulders trade where the target is 1:1 of the head as I do not tend to trade head and shoulders, but use it as a bonus when conducting analysis. It is a bonus in my books.
-P.S.
GA has completed a head and shoulders on the daily and for me to be involved in this trade I am looking for a retracement into the PRZ, which I believe to be a high probability reversal area if price action tests this zone. If completed, I will be expecting a harmonic move to the downsize to my target area in green. This is not a traditional head and shoulders trade where the target is 1:1 of the head as I do not tend to trade head and shoulders, but use it as a bonus when conducting analysis. It is a bonus in my books.
-P.S.
Order cancelled
Price did not retrace into my PRZ, so this idea is being put to bed... for now"plan your trade and trade your plan"
- Akil_Stokes
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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.