The price made a bullish breakout out of the symmetrical triangle formation. As the RSI gets overbought I am looking for a smaller bearish pullback towards the highs in the triangle indicated by the support line on the chart.
A conservative way to trade this would be to put an order in on a touch of support. A more aggressive approach would be going into the trade now with a stop loss just below the support line.
A conservative way to trade this would be to put an order in on a touch of support. A more aggressive approach would be going into the trade now with a stop loss just below the support line.
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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.