This trade setup has many reasons to take it, but I’ll explain the main ones only.
1. Bullish Harmonic Bat Pattern – Special chart pattern is being made, and I will place a limit order to enter at the last point (D leg).
2. Falling Wedge Pattern – Lower line of this pattern is also at the same place where I want to enter, so it gives extra confirmation.
3. Trend is Bullish – Market is already going up, and we are trading with trend. You must have heard, “Trend is your friend.”
1. Bullish Harmonic Bat Pattern – Special chart pattern is being made, and I will place a limit order to enter at the last point (D leg).
2. Falling Wedge Pattern – Lower line of this pattern is also at the same place where I want to enter, so it gives extra confirmation.
3. Trend is Bullish – Market is already going up, and we are trading with trend. You must have heard, “Trend is your friend.”
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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.