The price moves in a falling wedge pattern, there is a high probability that the price will increase in the near future.
Entry around 1.084xx
SL: around 1.081xxx
RR: 1:2 or 1:3
Entry around 1.084xx
SL: around 1.081xxx
RR: 1:2 or 1:3
Note
1H candle: pin bar with high volume -> SOS, wait for the no-supply sign to appearNote
Wait a pull backNote
Price moving down, pay aatention to the sos signal, if it appears with low volume, the test successful, then we can BuyNote
Price moving as expected. Keep plan.Note
8/7/2023: The current day candle has lower volume than before. Be careful. Maybe the price will pull back to test again. Closing a part of profit is essential.Note
11/7/2023: Day-Volume down, demand is weak, maybe price will pullback, be carefull.Trade closed manually
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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.