Yet another perfect example of an ascending triangle chart pattern. Price tends to break through the horizontal resistance when it has been tested 2 to 3 times. When considering to open a trade, traders should think of when to open or place a trade pending the breakout levels of such currency. The chart above shows a valid breakout of the bullish continuation pattern and the body of the candlestick has close above the horizontal resistance. A buy stop order should be placed using the breakout levels given below:
Breakout level:$63.939
Resistance 1: $64.832
Resistance 2: $65.880
Resistance 3: $67.190
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice and happy new months guy.
Breakout level:$63.939
Resistance 1: $64.832
Resistance 2: $65.880
Resistance 3: $67.190
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice and happy new months guy.
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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.