Following a double-bottom(W) pattern formation after a BEARISH move, I do believe that this asset will rally up gradually for a while.
The yellow line indicate my bias on how this asset is likely going to move with my TP target at the height of the Left arm of the W-pattern
If the asset eventually retrace down to activate my entry, my Risk/Reward ratio will be 6.6
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The yellow line indicate my bias on how this asset is likely going to move with my TP target at the height of the Left arm of the W-pattern
If the asset eventually retrace down to activate my entry, my Risk/Reward ratio will be 6.6
FOLLOW, like , comment and share for more update
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Heading north as analysedTrade active
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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.