If you remember what we spoke about last week you would have seen how the market fell and was held by the trendline which is part of the Ascending Triangle.
You would also notice how the candle respects the trendline, bounce off of it and refused to break and close below the trendline.
If you had shorted when the market break and close below the support you would earn approximately 97pips, that is 970USD per lot traded and if you would have long from the trendline, at this moment you would have earned approximately 42pip which is 420USD per lot traded.(check out the link within the TradingView post)
What has passed, has passed. This week I'm waiting for a Bearish Shark shorting opportunity or a retest of the trendline, perhaps a formation of Bullish Gartley or a Bullish Bat Pattern setup for a buying opportunity in this trend trading setup.
You would also notice how the candle respects the trendline, bounce off of it and refused to break and close below the trendline.
If you had shorted when the market break and close below the support you would earn approximately 97pips, that is 970USD per lot traded and if you would have long from the trendline, at this moment you would have earned approximately 42pip which is 420USD per lot traded.(check out the link within the TradingView post)
What has passed, has passed. This week I'm waiting for a Bearish Shark shorting opportunity or a retest of the trendline, perhaps a formation of Bullish Gartley or a Bullish Bat Pattern setup for a buying opportunity in this trend trading setup.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.