I assume a triangle, therefore there is some space for the wave E to provide 200 pips profit
The triangle is a tricky pattern before it completes, the pattern on the chart may easily evolve to a flat structure.
Anyway, seems to be a nice short-term trade with a clear level for a stop loss (below the prior wave of the triangle)
The triangle is a tricky pattern before it completes, the pattern on the chart may easily evolve to a flat structure.
Anyway, seems to be a nice short-term trade with a clear level for a stop loss (below the prior wave of the triangle)
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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.