Explanation of the chart:
a) The price has broken a clear range
b) Currently, the price is moving sideways on the edge of it
c) That sideways movement can be identified as a flag pattern
d) From a Technical Perspective, we expect a bullish movement with the extension of the broken range at least (On that level, we have a resistance zone). There, we will move our stop to break-even
e) Our final Risk Reward Ration on this trade is 2.06 / We have set our pending orders in the same way you can see on the chart. We will cancel the setup if the price makes new local lows.
Trade Safe, protect your capital, and always understand the investments you are making.
a) The price has broken a clear range
b) Currently, the price is moving sideways on the edge of it
c) That sideways movement can be identified as a flag pattern
d) From a Technical Perspective, we expect a bullish movement with the extension of the broken range at least (On that level, we have a resistance zone). There, we will move our stop to break-even
e) Our final Risk Reward Ration on this trade is 2.06 / We have set our pending orders in the same way you can see on the chart. We will cancel the setup if the price makes new local lows.
Trade Safe, protect your capital, and always understand the investments you are making.
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.