This could be potential Butterfly pattern. If so, I'm willing to risk some DASH in this trade.
If Butterfly pattern was finished, level of previous three lows would be nice entry point. Stop loss for this entry is bellow 1.272 of XA.
Other possibility is that DASH will finally break out over 0.024 (this time for real) and continue north. For this entry stop loss is right bellow point D.
In each case first target will be 0.382 Fib retracement level of CD and part of trade left for longer ride (hope so).
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
If Butterfly pattern was finished, level of previous three lows would be nice entry point. Stop loss for this entry is bellow 1.272 of XA.
Other possibility is that DASH will finally break out over 0.024 (this time for real) and continue north. For this entry stop loss is right bellow point D.
In each case first target will be 0.382 Fib retracement level of CD and part of trade left for longer ride (hope so).
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Trade active
Entered on breakout.Trade closed: target reached
Target reached, 12% profit. Yupiii!
Related publications
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.