(4h, $EURSGD)
{4H, 
EURSGD}
The general price movement is in an descending-channel after price confirm the Support/Resistance-levels.
{Previous Price Action}
The last price movements been created a Rectangle-pattern where's the price got to move in consolidation-area after break above Resistance-level of Mini-descending-channel.
{Current State}
the volume right now showing no sings of potential breakout from rectangle pattern, because of the long-period of the consolidation the Rectangle-pattern become much stronger when it come to holding price so we may see some fakeouts before the real breakout.
{The Plan}
Is to wait for price to breakout from rectangle-pattern & start making LL/LH in order to trade following general price movements & overall direction of the trend After getting all confirmations.
{Alerts}
Set Alert at (1.51182) level to catch next SHORT movements after breakout & getting all Confirmations.
{Valid Pattern}
Rectangle
{HQ Chart}
i.ibb.co/wckt6tL/1.png
{Original post}
https://stocktwits.com/itsFiras/message/180252073
Follow me at Stocktwits.com for more: @itsFiras
EURSGD} The general price movement is in an descending-channel after price confirm the Support/Resistance-levels.
{Previous Price Action}
The last price movements been created a Rectangle-pattern where's the price got to move in consolidation-area after break above Resistance-level of Mini-descending-channel.
{Current State}
the volume right now showing no sings of potential breakout from rectangle pattern, because of the long-period of the consolidation the Rectangle-pattern become much stronger when it come to holding price so we may see some fakeouts before the real breakout.
{The Plan}
Is to wait for price to breakout from rectangle-pattern & start making LL/LH in order to trade following general price movements & overall direction of the trend After getting all confirmations.
{Alerts}
Set Alert at (1.51182) level to catch next SHORT movements after breakout & getting all Confirmations.
{Valid Pattern}
Rectangle
{HQ Chart}
i.ibb.co/wckt6tL/1.png
{Original post}
https://stocktwits.com/itsFiras/message/180252073
Follow me at Stocktwits.com for more: @itsFiras
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.