Hello traders,
Here is some price action on the UK100 and how i will approach this trade.
Price action shows us that previous support became resistance, directly broke back above and so it became support again.
This give us the reversed H&S pattern, counter-trendline broke and levels are on point.
What we are going to do is grab the indicators and check if all rules will be satisfied to take the long.
Have a great week!
Here is some price action on the UK100 and how i will approach this trade.
Price action shows us that previous support became resistance, directly broke back above and so it became support again.
This give us the reversed H&S pattern, counter-trendline broke and levels are on point.
What we are going to do is grab the indicators and check if all rules will be satisfied to take the long.
Have a great week!