The price is respecting the formation. Thus, you can trade inside the formation, long or short position at the respective trend line, with a tight stop loss on the other side of the support/resistance lines.
Another trade idea, more profitable with less risk, is wait for confirmed breakout and trade the target area.
Best,
Putrid
Another trade idea, more profitable with less risk, is wait for confirmed breakout and trade the target area.
Best,
Putrid
Note
Looks good to go long here, the Fed has chosen higher prices?
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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.