Saw a Double Top Pattern in 1D with a minimum objective of going to 99,800. Also saw a Head and Shoulders in 4H, with a measurement minimum objective of going to 106,500 more or less
Although this is a bearish signal. I will be looking for the retest today. So far, today's candles are showing a lot of bullish patterns. Starting from the Flat Top Triangle in 1H, and the Inverse Head and Shoulders in 15m in total agreement with its volume.
For me, it's safe to say i will be taking this buy trade and set my TP at 111,500.00. After that, i will wait for consolidation and watch for a downside break and enter for a sell there. My TP for the sell will be divided into 2. 1 at around 105,200. and 1 at around 99,800. Stop loss will be just above 112,900.
Anyways, Disclaimer on. Happy Trading!
Although this is a bearish signal. I will be looking for the retest today. So far, today's candles are showing a lot of bullish patterns. Starting from the Flat Top Triangle in 1H, and the Inverse Head and Shoulders in 15m in total agreement with its volume.
For me, it's safe to say i will be taking this buy trade and set my TP at 111,500.00. After that, i will wait for consolidation and watch for a downside break and enter for a sell there. My TP for the sell will be divided into 2. 1 at around 105,200. and 1 at around 99,800. Stop loss will be just above 112,900.
Anyways, Disclaimer on. Happy Trading!
Trade active
Forgot to add, It is also possible that the price is heading towards the 200 SMA, and then reverse down from there. However, if the momentum is there, i might not take profit just yet!Trade closed: target reached
Our long target TP has Hit! will wait for a consolidation and enter a short to around 100,000 in a bit. Happy trading!
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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.