GALUSD | Wave Projection | Target Triangle 4-Wave Breakout
Price action and chart pattern trading:
> A possible bearish scenario with descending triangle breakout to complete 5-wave downtrend wave with the target of 1.618 extension of 4-wave (-60% downside)
> Stoploss can be placed at the right head & shoulders pattern - SMMA50 zone
> Indicator: MACD squeezed below 0.
> A possible bearish scenario with descending triangle breakout to complete 5-wave downtrend wave with the target of 1.618 extension of 4-wave (-60% downside)
> Stoploss can be placed at the right head & shoulders pattern - SMMA50 zone
> Indicator: MACD squeezed below 0.
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.