ADA huge buying opportunity
Updated
Fantastic opportunity here lots of confluence on the 4H chart. We have 3 SFPs, an inverse head and shoulders that has met the neckline, a power candle that it has reclaimed, and it has respected the ascending trendline on the head of the IH&S.
Really can't ask for more than that. I have set my TP at 1.18 to match the fib (and the IHS technically has an MM of 1.2), and my SL is 0.8 to be just below the right shoulder in line with the left.
Really can't ask for more than that. I have set my TP at 1.18 to match the fib (and the IHS technically has an MM of 1.2), and my SL is 0.8 to be just below the right shoulder in line with the left.
Note
This trade is going very well, got to 1.14 overnight, may need a few more days. I have taken 25% profit here at 1.05, and will leave the remaining 75% to run. I have not moved my stoploss however.Note
on the 1H this is forming a nice bull flag which it is breachingTrade closed manually
Taking profit here because I've made a few grand on it. Still feel confident about the 1.18 however. But in the interest of a good trade journal I wanted to note that the trade for me is now closed so I don't have to keep an eye on it.Trade closed: target reached
It's closed by me already but if you were still in on this, TP hit :)
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