EOSUSD: Example of Long Trade
The price is moving sideways in the borders of a triangle chart patterns. It tells us about a consolidation period before a new price movement.
If the price breaks the upper line of the triangle, it will be a bullish signal. We will be able to open long positions with stop orders below the local swing low and the profit target at the resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price breaks the upper line of the triangle, it will be a bullish signal. We will be able to open long positions with stop orders below the local swing low and the profit target at the resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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.