NZDCHF Ascending Triangle ABCDE Correction
Updated
For entry, wait for the price to have touched the 0.786 line and a maximum of 3 candles after that price should make a rejection
SL : 0.6542 (30 pips)
TP 1 : 0.6620 (+1.7)
TP 2 : 0.6645 (+2.5)
Tp 3 : 0.6670 (+3.4)
TP 4 : 0.6703 (+4.4)
SL : 0.6542 (30 pips)
TP 1 : 0.6620 (+1.7)
TP 2 : 0.6645 (+2.5)
Tp 3 : 0.6670 (+3.4)
TP 4 : 0.6703 (+4.4)
Note
unfortunately the price doesn't trigger a buy limit. we're going to buy on the breakoutTrade active
There is a rejection in the trendline, the opportunity to go up is still strong while there is no downward break. and the price continues to form new lower highs even though the 5 wave has been completed
SL : 0.65512 (36 pips)
TP 1 : 0.6620 (+1)
TP 2 : 0.6645 (+1.6)
Tp 3 : 0.6670 (+2.3)
TP 4 : 0.6703 (+3.2)
Trade closed: stop reached
(-1) 36 pips
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