A descending triangle pattern was form.
Descending triangle typically signals a downward breakout.
Sell trigger: Closes below 263.
Potential take profit target around 180.
You may take profit anytime.
Stop loss:
If the breakout is downward, do stop loss when the prices pull above 263.
Descending triangle typically signals a downward breakout.
Sell trigger: Closes below 263.
Potential take profit target around 180.
You may take profit anytime.
Stop loss:
If the breakout is downward, do stop loss when the prices pull above 263.
Note
Alternatively, if the download breakout was busted, we can change our strategy to a buying opportunity with take profit around 340. Trade active
Sell trade start at 256. Note
On track to our target 180. Trade closed: target reached
Position closed. Target reached. Profit: 30.36%
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.
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.