Hello bro, head and shoulder pattern is usually cause by supply and demand levels. When institutions and hedge funds wants to open or close a trade they often make use of these levels and then the movement of the price will look like that of a double top/bottom and head/shoulder.
In simple...
The best approach to successfully Trading is to always calculate your risk and exit points before you open a trade. Sadly most traders only think of entry and forget about exit strategy.
That's not correct, if you want to scalp you have to make use of lower timeframes like 1min and 5min, anything higher than that may be regarded as day or swing Trading
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