BAJA Symmetrical Triangle 4HR
Updated
A Symmetrical Triangle is a "bi-lateral" pattern, meaning it could break in either direction.
Our target is the approximate pattern height multiplied by chances of reaching the target or 747.85 * 0.58 = ~433.753 from breakpoint.
Entry: Not ready yet, wait for breakout for direction. wait for full confirmation of 1 bar beyond pattern.
TP: ~433$ from breakpoint
SL: Previous Swing before breakout. Long trade: ~3094$ Short trade: ~3420$
R/R: Will update later after break.
Pattern info: thepatternsite.com/st.html
Our target is the approximate pattern height multiplied by chances of reaching the target or 747.85 * 0.58 = ~433.753 from breakpoint.
Entry: Not ready yet, wait for breakout for direction. wait for full confirmation of 1 bar beyond pattern.
TP: ~433$ from breakpoint
SL: Previous Swing before breakout. Long trade: ~3094$ Short trade: ~3420$
R/R: Will update later after break.
Pattern info: thepatternsite.com/st.html
Note
Entry: Long ~3450Trade closed manually
Closing here for small loss, as the market is very uncertain. will wait for next pattern
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