This is a scalp trade of 50pips to TP
Confluence:
- Price is trapped in a triangle shape awaiting breakout
- price is at a key level [support/resistance]
Entry:
-It is advisable we wait for a breakout either to the upside or to the downside, though I expect price to break above due to the structure around that key level
Confluence:
- Price is trapped in a triangle shape awaiting breakout
- price is at a key level [support/resistance]
Entry:
-It is advisable we wait for a breakout either to the upside or to the downside, though I expect price to break above due to the structure around that key level
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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.