Price action and chart pattern trading:
> A possible local 4-wave triangle pattern with a bullish divergence signal
> A bull scenario with the target downtrend triangle @ 0.5-0.618 fibonanci extension of current minor 3-wave once breakout current price rejection zone previous low.
> Short entry if breakout of triangle for a bear scenario, the target could reach upto 0.786-1.0 extension for the next support zone
Always trade with affordable risk and respect your stoploss, nothing is 100%.
> A possible local 4-wave triangle pattern with a bullish divergence signal
> A bull scenario with the target downtrend triangle @ 0.5-0.618 fibonanci extension of current minor 3-wave once breakout current price rejection zone previous low.
> Short entry if breakout of triangle for a bear scenario, the target could reach upto 0.786-1.0 extension for the next support zone
Always trade with affordable risk and respect your stoploss, nothing is 100%.
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.