Long
GTOUSDT 6H Long setup; Falling wedge about to break out
TA Explained
GTO broke resistance level with a massive impulse. Now fully retraced back, tested the support area and forming a falling wedge. A breakout of the wedge will, most likely, trigger the next impulsive leg up.
Trade setup
Best entries: 0.01756 - 0.02020
TP1: 0.02637
TP2: 0.03281
SL: 0.015
RR: 3.53
Max leverage: 1x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
GTO broke resistance level with a massive impulse. Now fully retraced back, tested the support area and forming a falling wedge. A breakout of the wedge will, most likely, trigger the next impulsive leg up.
Trade setup
Best entries: 0.01756 - 0.02020
TP1: 0.02637
TP2: 0.03281
SL: 0.015
RR: 3.53
Max leverage: 1x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
Trade closed: target reached
All targets achieved for this trade setup. ~63% gain from the upper entry.I'm holding my position for long term
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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.
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.