Long
Hey,
This is a good looking Ascending triangle with a very strong momentum candle break out. Price has retraced near the break out zone and we are seeing some long wicks below candles indicate bullish intent. This looks like a good long opportunity, id be aiming for 2 X ATR take profit and 1-1.5 ATR stop loss. I suggest waiting for price to approach the break out resistance line and wait for candle rejections turning the zone into a new support... Price should launch if this occurs!
This is a good looking Ascending triangle with a very strong momentum candle break out. Price has retraced near the break out zone and we are seeing some long wicks below candles indicate bullish intent. This looks like a good long opportunity, id be aiming for 2 X ATR take profit and 1-1.5 ATR stop loss. I suggest waiting for price to approach the break out resistance line and wait for candle rejections turning the zone into a new support... Price should launch if this occurs!
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