MATICUSD Descending Channel 4HR
Updated
We have broken a Descending Channel, however we've missed the initial entry.
I will be waiting on a retest of the top of the pattern for entry.
TP: Approximately the height of the pattern, or ~0.003797 from initial break point, ~0.02065
SL: Previous swing low, around 0.015266
R/R: ~2.5-2.7 depending on entry
Pattern info: thepatternsite.com/channels.html
I will be waiting on a retest of the top of the pattern for entry.
TP: Approximately the height of the pattern, or ~0.003797 from initial break point, ~0.02065
SL: Previous swing low, around 0.015266
R/R: ~2.5-2.7 depending on entry
Pattern info: thepatternsite.com/channels.html
Trade active
Price reached My limit buy at 0.1708. Trade activeComment
Successful retest so far, hopefully we see our upward movement from here.Comment
Bitcoins recent dip pulled us down aswell, however we have not yet reached SL and as such I will be holding this position.Trade closed: stop reached
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