RLC is definitely bullish
Updated
We have had an ascending channel that broke the bottom once but it was faked out and again the price returned to the ascending channel that I marked on the chart.
On the bottom of the white boxes, they show the overflow that the candles have done well.
From where I entered START, the upward movement has started. We have bullish CH and BOS on the chart and the candles have respected the demands well.
Above we have a liquidity pool that I specified with $$$. The candles are going to clean this pool in the first step.
I marked the TPs on the chart.
I also marked a FLIP LINE on the chart that I use for my loss limit. When 1 daily candle closes below this line, the analysis will be invalidated.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
On the bottom of the white boxes, they show the overflow that the candles have done well.
From where I entered START, the upward movement has started. We have bullish CH and BOS on the chart and the candles have respected the demands well.
Above we have a liquidity pool that I specified with $$$. The candles are going to clean this pool in the first step.
I marked the TPs on the chart.
I also marked a FLIP LINE on the chart that I use for my loss limit. When 1 daily candle closes below this line, the analysis will be invalidated.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade closed: target reached
Finally, TP 1 was hit
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